Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Update

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 145,586 shares, an increase of 176.2% from the March 31st total of 52,715 shares. Based on an average daily trading volume, of 226,271 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are short sold.

Invesco Semiconductors ETF Trading Down 3.6%

PSI stock traded down $4.91 during trading on Monday, reaching $129.95. 654,111 shares of the stock were exchanged, compared to its average volume of 216,365. The firm’s 50 day moving average is $102.40 and its 200 day moving average is $89.35. Invesco Semiconductors ETF has a twelve month low of $44.34 and a twelve month high of $136.26. The firm has a market cap of $1.87 billion, a P/E ratio of 29.05 and a beta of 1.56.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSI. HighTower Advisors LLC raised its stake in Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock worth $42,840,000 after buying an additional 365,438 shares during the period. Warner Group LLC acquired a new position in Invesco Semiconductors ETF during the 3rd quarter worth approximately $13,566,000. Ameriprise Financial Inc. raised its stake in Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after buying an additional 135,576 shares during the period. Trek Financial LLC acquired a new position in Invesco Semiconductors ETF during the 4th quarter worth approximately $5,457,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco Semiconductors ETF by 199.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $7,859,000 after buying an additional 67,534 shares during the period.

Invesco Semiconductors ETF Company Profile

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.