Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 37,569 shares, an increase of 71.1% from the March 31st total of 21,959 shares. Based on an average daily trading volume, of 120,103 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTF. Sankala Group LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at approximately $144,000. Axxcess Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $724,000. EP Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $783,000. Quadrature Capital Ltd bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $1,223,000. Finally, Advisory Services Network LLC lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 3.5% in the fourth quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock worth $639,000 after acquiring an additional 284 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

PTF traded down $1.26 during trading on Monday, hitting $110.20. 30,272 shares of the stock traded hands, compared to its average volume of 57,281. The firm has a market capitalization of $570.84 million, a P/E ratio of 32.05 and a beta of 1.51. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $57.33 and a 12-month high of $112.83. The firm has a 50-day moving average of $93.92 and a 200 day moving average of $85.06.

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.