Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 27.2% in February

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 20,263 shares, a growth of 27.2% from the January 29th total of 15,936 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 52,038 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 52,038 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the second quarter valued at about $44,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth approximately $57,000. Qube Research & Technologies Ltd raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after acquiring an additional 1,137 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock valued at $130,000 after acquiring an additional 495 shares during the last quarter. Finally, Sankala Group LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $144,000.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

NASDAQ PTF traded up $1.35 during midday trading on Wednesday, hitting $91.76. 26,358 shares of the company traded hands, compared to its average volume of 37,089. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $49.57 and a 52 week high of $96.34. The company’s 50-day simple moving average is $85.40 and its 200-day simple moving average is $79.04. The company has a market cap of $434.02 million, a PE ratio of 32.05 and a beta of 1.49.

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.