Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Sees Large Decline in Short Interest

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 234 shares, a decline of 35.7% from the April 15th total of 364 shares. Based on an average daily volume of 948 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 30.7% in the second quarter. Advisory Services Network LLC now owns 7,155 shares of the company’s stock valued at $400,000 after acquiring an additional 1,681 shares during the period. Citadel Advisors LLC increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 47.8% in the third quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock worth $432,000 after purchasing an additional 2,408 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter worth $502,000. Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 24.2% during the third quarter. Jones Financial Companies Lllp now owns 2,266 shares of the company’s stock worth $131,000 after purchasing an additional 441 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter worth about $35,000.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

Shares of PFI stock traded down $0.41 during mid-day trading on Tuesday, hitting $58.10. The company’s stock had a trading volume of 891 shares, compared to its average volume of 6,411. Invesco Dorsey Wright Financial Momentum ETF has a 52-week low of $51.57 and a 52-week high of $60.12. The business has a 50-day moving average price of $55.67 and a 200 day moving average price of $56.78. The stock has a market cap of $36.02 million, a price-to-earnings ratio of 18.63 and a beta of 1.03.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.