Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Increases By 57.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 79,066 shares, an increase of 57.5% from the July 30th total of 50,196 shares. Based on an average daily trading volume, of 150,075 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.3% of the company’s stock are sold short.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 3.5%

Shares of NASDAQ:PTF opened at $93.66 on Wednesday. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $66.05 and a fifty-two week high of $139.65. The firm’s 50 day moving average price is $108.22 and its 200 day moving average price is $107.49. The stock has a market cap of $567.58 million, a price-to-earnings ratio of 32.05 and a beta of 1.68.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTF. Jane Street Group LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after purchasing an additional 329,668 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after purchasing an additional 110,228 shares in the last quarter. IMC Chicago LLC raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock worth $1,614,000 after purchasing an additional 34,299 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of 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 buying an additional 26,830 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth approximately $1,526,000.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.