Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,304 shares, a decrease of 78.3% from the July 15th total of 24,473 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 10,101 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

Shares of NASDAQ PFI opened at $63.99 on Friday. Invesco Dorsey Wright Financial Momentum ETF has a fifty-two week low of $51.57 and a fifty-two week high of $64.46. The company has a market cap of $60.79 million, a price-to-earnings ratio of 18.63 and a beta of 1.01. The business’s 50 day moving average price is $61.85 and its 200-day moving average price is $58.34.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter worth about $1,145,000. AlphaCore Capital LLC bought a new position in Invesco Dorsey Wright Financial Momentum ETF in the 4th quarter worth about $1,030,000. Susquehanna International Group LLP purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the third quarter worth approximately $502,000. IMC Chicago LLC increased its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 26.6% during the fourth quarter. IMC Chicago LLC now owns 32,256 shares of the company’s stock worth $1,862,000 after acquiring an additional 6,773 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 47.8% during the third quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock worth $432,000 after acquiring an additional 2,408 shares during the period.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.