Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Large Increase in Short Interest

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 70,964 shares, a growth of 452.2% from the February 12th total of 12,851 shares. Based on an average daily volume of 114,116 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 114,116 shares, the short-interest ratio is presently 0.6 days.

Invesco NASDAQ Internet ETF Trading Down 0.1%

Shares of PNQI opened at $47.75 on Wednesday. The stock has a market cap of $625.53 million, a PE ratio of 30.49 and a beta of 1.21. Invesco NASDAQ Internet ETF has a 1 year low of $37.75 and a 1 year high of $57.22. The stock has a 50 day simple moving average of $49.99 and a 200-day simple moving average of $53.10.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ Internet ETF by 797.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,907 shares of the company’s stock worth $4,149,000 after acquiring an additional 68,339 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Invesco NASDAQ Internet ETF by 69.9% in the 4th quarter. Benjamin Edwards Inc. now owns 32,957 shares of the company’s stock valued at $1,778,000 after buying an additional 13,555 shares during the last quarter. Osaic Holdings Inc. lifted its position 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 worth $4,127,000 after buying an additional 12,178 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco NASDAQ Internet ETF by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 49,744 shares of the company’s stock valued at $2,777,000 after acquiring an additional 10,519 shares in the last quarter. Finally, FFG Partners LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the third quarter valued at about $575,000.

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.