Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 70,964 shares, an increase of 452.2% from the February 12th total of 12,851 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 114,116 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 114,116 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

Invesco NASDAQ Internet ETF Stock Down 0.9%

Shares of Invesco NASDAQ Internet ETF stock traded down $0.42 during trading on Tuesday, reaching $47.40. The company’s stock had a trading volume of 48,897 shares, compared to its average volume of 124,383. Invesco NASDAQ Internet ETF has a 52-week low of $37.75 and a 52-week high of $57.22. The firm’s 50-day moving average is $49.99 and its two-hundred day moving average is $53.10. The company has a market cap of $620.94 million, a price-to-earnings ratio of 30.49 and a beta of 1.21.

Institutional Trading of Invesco NASDAQ Internet ETF

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at about $40,000. Huntington National Bank bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at about $56,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at about $61,000. Advisory Services Network LLC purchased a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter valued at about $73,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $78,000.

Invesco NASDAQ Internet ETF Company Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.