Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Decreases By 47.3%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,063 shares, a drop of 47.3% from the June 30th total of 41,902 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 158,896 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after buying an additional 329,668 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after acquiring an additional 110,228 shares during the last quarter. Paller Financial Services Inc bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at approximately $5,948,000. IMC Chicago LLC grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the 4th quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock worth $1,614,000 after acquiring an additional 34,299 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after acquiring an additional 26,830 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 12.9%

PTF stock traded up $10.92 during midday trading on Thursday, reaching $95.88. The stock had a trading volume of 246,912 shares, compared to its average volume of 92,708. The firm has a market cap of $581.99 million, a price-to-earnings ratio of 32.05 and a beta of 1.65. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $64.29 and a twelve month high of $139.65. The business has a fifty day simple moving average of $120.45 and a two-hundred day simple moving average of $104.34.

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.