Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 26,173 shares, a decline of 90.0% from the September 15th total of 262,499 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 48,465 shares, the short-interest ratio is currently 0.5 days.
Invesco NASDAQ Internet ETF Trading Up 1.3%
Shares of NASDAQ:PNQI opened at $52.58 on Friday. The business’s 50 day moving average is $51.54 and its 200-day moving average is $48.75. The firm has a market capitalization of $551.04 million, a PE ratio of 30.49 and a beta of 1.25. Invesco NASDAQ Internet ETF has a 1-year low of $42.80 and a 1-year high of $57.22.
Institutional Trading of Invesco NASDAQ Internet ETF
Several institutional investors and hedge funds have recently made changes to their positions in PNQI. Tsfg LLC acquired a new stake in Invesco NASDAQ Internet ETF during the 2nd quarter worth $56,000. Allworth Financial LP raised its holdings in shares of Invesco NASDAQ Internet ETF by 14.8% during the second quarter. Allworth Financial LP now owns 1,668 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares during the period. Triumph Capital Management bought a new stake in Invesco NASDAQ Internet ETF in the 2nd quarter valued at $81,000. Gill Capital Partners LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at about $98,000. Finally, Equitable Trust Co. acquired a new position in Invesco NASDAQ Internet ETF during the 1st quarter worth approximately $203,000.
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.
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