Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 26,173 shares, a decrease of 90.0% from the September 15th total of 262,499 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 48,465 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On Invesco NASDAQ Internet ETF
A number of large investors have recently bought and sold shares of the company. Tsfg LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the second quarter valued at approximately $56,000. Allworth Financial LP lifted its position in shares of Invesco NASDAQ Internet ETF by 14.8% in the second quarter. Allworth Financial LP now owns 1,668 shares of the company’s stock worth $76,000 after purchasing an additional 215 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Invesco NASDAQ Internet ETF in the second quarter worth $81,000. Gill Capital Partners LLC acquired a new position in Invesco NASDAQ Internet ETF during the second quarter worth $98,000. Finally, Equitable Trust Co. acquired a new position in Invesco NASDAQ Internet ETF during the first quarter worth $203,000.
Invesco NASDAQ Internet ETF Stock Performance
Invesco NASDAQ Internet ETF stock traded up $0.66 during midday trading on Friday, reaching $52.58. The stock had a trading volume of 14,769 shares, compared to its average volume of 64,633. The firm’s fifty day simple moving average is $51.54 and its 200-day simple moving average is $48.77. Invesco NASDAQ Internet ETF has a 1-year low of $42.80 and a 1-year high of $57.22. The stock has a market capitalization of $551.04 million, a P/E ratio of 30.49 and a beta of 1.25.
About Invesco NASDAQ Internet ETF
The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.
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