Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Update

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTFGet Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 14,800 shares, an increase of 957.1% from the January 31st total of 1,400 shares. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Invesco Dorsey Wright Technology Momentum ETF stock traded down $0.55 during trading on Wednesday, reaching $54.67. 15,460 shares of the company’s stock were exchanged, compared to its average volume of 32,659. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $39.23 and a 52-week high of $55.96. The firm has a market cap of $383.24 million, a price-to-earnings ratio of 17.72 and a beta of 1.23. The company’s 50-day moving average is $51.23 and its two-hundred day moving average is $47.62.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Family Office LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at $295,000. Geneos Wealth Management Inc. grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 93.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,033 shares of the company’s stock valued at $152,000 after acquiring an additional 500 shares in the last quarter. UBS Group AG increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 436.2% during the third quarter. UBS Group AG now owns 117,152 shares of the company’s stock worth $5,175,000 after acquiring an additional 95,304 shares during the last quarter. Bellevue Asset Management LLC lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 200.0% in the third quarter. Bellevue Asset Management LLC now owns 2,478 shares of the company’s stock worth $109,000 after acquiring an additional 1,652 shares in the last quarter. Finally, MTM Investment Management LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 200.0% in the third quarter. MTM Investment Management LLC now owns 5,700 shares of the company’s stock valued at $252,000 after purchasing an additional 3,800 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

(Get Free Report)

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.

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