Short Interest in Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Increases By 4,293.7%

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 24,473 shares, a growth of 4,293.7% from the June 30th total of 557 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 43,223 shares, the short-interest ratio is presently 0.6 days.

Invesco Dorsey Wright Financial Momentum ETF Trading Up 0.7%

PFI traded up $0.46 during trading on Friday, reaching $62.02. The stock had a trading volume of 2,110 shares, compared to its average volume of 8,310. The company has a market capitalization of $55.20 million, a price-to-earnings ratio of 18.63 and a beta of 1.01. The stock’s 50 day moving average is $60.47 and its two-hundred day moving average is $57.93. Invesco Dorsey Wright Financial Momentum ETF has a one year low of $51.57 and a one year high of $64.00.

Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 677.4% during the first quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock valued at $140,000 after purchasing an additional 2,276 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $102,000 after acquiring an additional 1,200 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of 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 worth $400,000 after acquiring an additional 1,681 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter worth $1,145,000. Finally, Citadel Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 47.8% during the third quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock valued at $432,000 after acquiring an additional 2,408 shares in the last quarter.

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.