Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Expands By 18.7%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 24,058 shares, a growth of 18.7% from the February 12th total of 20,263 shares. Based on an average daily volume of 22,988 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 22,988 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth about $57,000. Qube Research & Technologies Ltd raised its stake in shares of 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 purchasing an additional 1,137 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of 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 worth $130,000 after purchasing an additional 495 shares during the period. Sankala Group LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $144,000. Finally, Flow Traders U.S. LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter worth $203,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ PTF traded up $3.22 on Monday, reaching $90.21. The stock had a trading volume of 38,117 shares, compared to its average volume of 35,155. The stock has a market cap of $426.69 million, a P/E ratio of 32.05 and a beta of 1.49. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $49.57 and a 12-month high of $96.34. The business’s 50-day moving average price is $87.07 and its 200 day moving average price is $80.23.

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.