Invesco Semiconductors ETF (NYSEARCA:PSI) Stock Short Interest Report for October

Invesco Semiconductors ETF (NYSEARCA:PSI) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 246,133 shares, a drop of 52.7% from the September 30th total of 519,834 shares. Based on an average trading volume of 494,596 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Trading of Invesco Semiconductors ETF

Institutional investors have recently modified their holdings of the company. Rodgers & Associates LTD purchased a new position in Invesco Semiconductors ETF in the second quarter valued at approximately $43,092,000. JNBA Financial Advisors acquired a new position in Invesco Semiconductors ETF during the second quarter valued at approximately $39,620,000. Cetera Investment Advisers grew its stake in Invesco Semiconductors ETF by 2.4% during the first quarter. Cetera Investment Advisers now owns 185,677 shares of the company’s stock worth $17,524,000 after buying an additional 4,296 shares during the period. Royal Bank of Canada grew its stake in Invesco Semiconductors ETF by 5.6% during the first quarter. Royal Bank of Canada now owns 140,433 shares of the company’s stock worth $13,253,000 after buying an additional 7,482 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Invesco Semiconductors ETF by 57.4% during the second quarter. Envestnet Asset Management Inc. now owns 69,311 shares of the company’s stock worth $13,018,000 after buying an additional 25,263 shares during the period.

Invesco Semiconductors ETF Stock Down 8.2%

Shares of PSI stock traded down $10.55 during trading hours on Friday, hitting $118.63. 479,999 shares of the company were exchanged, compared to its average volume of 358,068. The firm has a market cap of $2.33 billion, a PE ratio of 29.05 and a beta of 1.80. Invesco Semiconductors ETF has a 1 year low of $66.93 and a 1 year high of $189.24. The firm has a fifty day moving average of $137.86 and a 200 day moving average of $130.21.

About Invesco Semiconductors ETF

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.