Short Interest in Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Expands By 4,293.7%

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 24,473 shares, an increase of 4,293.7% from the June 30th total of 557 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 43,223 shares, the short-interest ratio is currently 0.6 days.

Invesco Dorsey Wright Financial Momentum ETF Stock Up 0.7%

Invesco Dorsey Wright Financial Momentum ETF stock opened at $62.02 on Friday. The business has a 50-day simple moving average of $60.55 and a two-hundred day simple moving average of $57.96. The company has a market cap of $55.20 million, a P/E ratio of 18.63 and a beta of 1.01. Invesco Dorsey Wright Financial Momentum ETF has a 52-week low of $51.57 and a 52-week high of $64.00.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the first quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after buying an additional 294 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the 1st quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after acquiring an additional 5,195 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the 3rd quarter worth $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 $1,030,000. Finally, Genesee Capital Advisors LLC grew its position 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.

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.