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 decline in short interest during the month of August. As of August 31st, there was short interest totaling 949 shares, a decline of 66.9% from the August 15th total of 2,871 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 5,477 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

Several institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the 2nd quarter valued at $46,000. Geneos Wealth Management Inc. lifted its position in Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $102,000 after acquiring an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Financial Momentum ETF in the fourth quarter valued at $115,000. Jones Financial Companies Lllp boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 677.4% in the first quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock valued at $140,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after acquiring an additional 225 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of PFI traded up $0.07 during mid-day trading on Friday, reaching $61.74. The company’s stock had a trading volume of 1,975 shares, compared to its average volume of 7,883. The company’s 50 day moving average is $62.54 and its 200 day moving average is $59.03. The stock has a market cap of $58.65 million, a PE ratio of 18.63 and a beta of 1.00. Invesco Dorsey Wright Financial Momentum ETF has a 12-month low of $51.57 and a 12-month high of $64.46.

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.