Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Shorted: Short Interest Down 50.0% in October

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 21,691 shares, a decrease of 50.0% from the September 30th total of 43,386 shares. Based on an average trading volume of 80,503 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF traded down $0.49 during trading on Monday, hitting $99.13. The stock had a trading volume of 15,587 shares, compared to its average volume of 93,776. The stock has a 50 day simple moving average of $104.24 and a two-hundred day simple moving average of $104.64. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $66.48 and a twelve month high of $139.65. The company has a market capitalization of $550.17 million, a PE ratio of 32.05 and a beta of 1.67.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 182,668 shares of the company’s stock worth $15,769,000 after acquiring an additional 5,005 shares in the last quarter. Maxi Investments CY Ltd purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter worth approximately $8,722,000. Paller Financial Services Inc raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.8% in the third quarter. Paller Financial Services Inc now owns 68,775 shares of the company’s stock worth $7,489,000 after buying an additional 2,504 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 29,219 shares of the company’s stock worth $3,983,000 after buying an additional 5,953 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 28.3% during the first quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock worth $3,903,000 after buying an additional 9,962 shares during the period.

About Invesco Dorsey Wright Technology Momentum ETF

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.