Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 6,489.7% in December

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 12,784 shares, an increase of 6,489.7% from the December 15th total of 194 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 27,638 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 27,638 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTF. Red Tortoise LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the second quarter valued at $27,000. GHP Investment Advisors Inc. bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter valued at about $44,000. Qube Research & Technologies Ltd increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after purchasing an additional 1,137 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after buying an additional 495 shares during the last quarter. Finally, Berger Financial Group Inc purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the second quarter worth about $201,000.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

NASDAQ:PTF traded up $0.91 during mid-day trading on Monday, hitting $82.35. 28,626 shares of the company’s stock were exchanged, compared to its average volume of 33,204. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $49.57 and a one year high of $84.05. The business has a fifty day moving average price of $77.70 and a 200 day moving average price of $74.02. The company has a market cap of $396.10 million, a PE ratio of 32.05 and a beta of 1.49.

About Invesco Dorsey Wright Technology Momentum ETF

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.