Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Increases By 179.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 35,733 shares, an increase of 179.5% from the December 31st total of 12,784 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 36,981 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 36,981 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors have recently made changes to their positions in PTF. Red Tortoise LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at about $27,000. GHP Investment Advisors Inc. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth $44,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at $57,000. Qube Research & Technologies Ltd raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after buying an additional 1,137 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock valued at $130,000 after buying an additional 495 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Invesco Dorsey Wright Technology Momentum ETF stock opened at $87.96 on Thursday. The stock has a market capitalization of $418.69 million, a price-to-earnings ratio of 32.05 and a beta of 1.49. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $49.57 and a 52-week high of $88.34. The stock’s 50 day moving average price is $79.44 and its two-hundred day moving average price is $75.49.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.