Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Increases By 18.7%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 24,058 shares, an increase of 18.7% from the February 12th total of 20,263 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 22,988 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 22,988 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the 1st quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after acquiring an additional 329,668 shares during the period. Ameriprise Financial Inc. raised its position in Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after purchasing an additional 110,228 shares in the last quarter. Paller Financial Services Inc bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth about $5,948,000. IMC Chicago LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after purchasing an additional 34,299 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after purchasing an additional 26,830 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 0.1%

NASDAQ PTF traded up $0.13 during midday trading on Wednesday, hitting $91.05. The company had a trading volume of 5,814 shares, compared to its average volume of 34,439. The firm has a fifty day simple moving average of $87.45 and a two-hundred day simple moving average of $80.54. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $49.57 and a fifty-two week high of $96.34. The stock has a market cap of $430.67 million, a price-to-earnings ratio of 32.05 and a beta of 1.49.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.