Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 40.3% in March

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 14,360 shares, a drop of 40.3% from the February 26th total of 24,058 shares. Based on an average daily volume of 31,406 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sankala Group LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at approximately $144,000. Axxcess Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth $724,000. EP Wealth Advisors LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at $783,000. Quadrature Capital Ltd purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at $1,223,000. Finally, Advisory Services Network LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.5% in the fourth quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock valued at $639,000 after buying an additional 284 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF traded up $0.32 on Friday, hitting $87.08. 18,833 shares of the company were exchanged, compared to its average volume of 35,745. The business’s fifty day moving average is $88.69 and its 200 day moving average is $81.48. 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 firm has a market capitalization of $411.89 million, a P/E 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.