Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Shares Shorted: Short Interest Down 54.8% in September

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 936 shares, a drop of 54.8% from the September 15th total of 2,072 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 7,023 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the second quarter worth $46,000. Bank of America Corp DE lifted its position in Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after acquiring an additional 294 shares in the last quarter. Finally, IMC Chicago LLC lifted its position in Invesco Dorsey Wright Financial Momentum ETF by 16.1% in the 1st quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock valued at $1,994,000 after acquiring an additional 5,195 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

PFI traded down $0.36 during trading on Tuesday, reaching $57.47. The company had a trading volume of 412 shares, compared to its average volume of 7,967. Invesco Dorsey Wright Financial Momentum ETF has a 12 month low of $51.57 and a 12 month high of $64.46. The business’s fifty day moving average price is $60.98 and its 200 day moving average price is $59.77. The company has a market cap of $51.72 million, a P/E ratio of 18.63 and a beta of 1.02.

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.