Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Rises By 337.0%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 35,400 shares, a growth of 337.0% from the October 31st total of 8,100 shares. Based on an average daily trading volume, of 28,900 shares, the short-interest ratio is presently 1.2 days.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Technology Momentum ETF stock traded down $0.75 during trading on Wednesday, hitting $75.38. The stock had a trading volume of 44,362 shares, compared to its average volume of 25,385. The stock has a market cap of $542.74 million, a PE ratio of 12.47 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 12 month low of $46.69 and a 12 month high of $77.13. The firm’s fifty day simple moving average is $67.09 and its 200-day simple moving average is $62.73.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 3rd quarter worth about $259,000. Centaurus Financial Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock valued at $319,000 after acquiring an additional 1,100 shares in the last quarter. Private Advisory Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at approximately $348,000. KKM Financial LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after purchasing an additional 228 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 25.2% during the 1st quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock worth $498,000 after purchasing an additional 1,750 shares during the period.

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.