Short Interest in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Declines By 47.5%

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 14,692 shares, a decrease of 47.5% from the January 15th total of 27,980 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 187,109 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 187,109 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco NASDAQ Internet ETF by 797.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 76,907 shares of the company’s stock valued at $4,149,000 after buying an additional 68,339 shares during the last quarter. PFG Advisors increased its position in Invesco NASDAQ Internet ETF by 21.6% in the 2nd quarter. PFG Advisors now owns 93,473 shares of the company’s stock valued at $4,880,000 after acquiring an additional 16,630 shares during the period. Benjamin Edwards Inc. raised its stake in Invesco NASDAQ Internet ETF by 69.9% during the 4th quarter. Benjamin Edwards Inc. now owns 32,957 shares of the company’s stock valued at $1,778,000 after acquiring an additional 13,555 shares in the last quarter. Osaic Holdings Inc. raised its stake in Invesco NASDAQ Internet ETF by 18.2% during the 2nd quarter. Osaic Holdings Inc. now owns 79,051 shares of the company’s stock valued at $4,127,000 after acquiring an additional 12,178 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Invesco NASDAQ Internet ETF by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 49,744 shares of the company’s stock worth $2,777,000 after acquiring an additional 10,519 shares during the period.

Invesco NASDAQ Internet ETF Price Performance

Invesco NASDAQ Internet ETF stock opened at $45.90 on Friday. Invesco NASDAQ Internet ETF has a 12 month low of $37.75 and a 12 month high of $57.22. The company has a fifty day moving average price of $52.42 and a two-hundred day moving average price of $53.79. The company has a market cap of $601.29 million, a PE ratio of 30.49 and a beta of 1.21.

Invesco NASDAQ Internet ETF Company Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.