Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Increases By 179.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 35,733 shares, an increase of 179.5% from the December 31st total of 12,784 shares. Based on an average trading volume of 36,981 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 36,981 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Red Tortoise LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at approximately $27,000. GHP Investment Advisors Inc. acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at approximately $44,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at $57,000. Qube Research & Technologies Ltd lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after purchasing an additional 1,137 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 495 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 3.6%

Shares of PTF stock traded down $3.20 on Friday, reaching $84.74. The company had a trading volume of 30,398 shares, compared to its average volume of 32,759. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $49.57 and a one year high of $89.01. The stock has a market capitalization of $406.75 million, a PE ratio of 32.05 and a beta of 1.49. The business’s 50-day moving average is $79.84 and its 200 day moving average is $75.58.

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.