Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Update

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 557 shares, a growth of 142.2% from the June 15th total of 230 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,032 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFI. Ameriprise Financial Inc. bought a new position in Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter valued at approximately $1,145,000. AlphaCore Capital LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter valued at about $1,030,000. Susquehanna International Group LLP purchased a new stake in Invesco Dorsey Wright Financial Momentum ETF during the third quarter valued at approximately $502,000. IMC Chicago LLC raised its holdings in Invesco Dorsey Wright Financial Momentum ETF by 26.6% in the 4th quarter. IMC Chicago LLC now owns 32,256 shares of the company’s stock worth $1,862,000 after purchasing an additional 6,773 shares during the period. Finally, Genesee Capital Advisors LLC grew its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 84.9% during the 4th quarter. Genesee Capital Advisors LLC now owns 9,247 shares of the company’s stock valued at $534,000 after acquiring an additional 4,247 shares during the period.

Invesco Dorsey Wright Financial Momentum ETF Trading Up 1.2%

NASDAQ PFI traded up $0.74 on Wednesday, hitting $63.37. The company’s stock had a trading volume of 6,796 shares, compared to its average volume of 8,128. The company’s 50-day simple moving average is $59.90 and its 200 day simple moving average is $57.73. Invesco Dorsey Wright Financial Momentum ETF has a 52-week low of $51.57 and a 52-week high of $63.60. The firm has a market cap of $41.19 million, a P/E ratio of 18.63 and a beta of 1.01.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.