Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Growth in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 24,000 shares, a growth of 410.6% from the March 31st total of 4,700 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds have recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 849.0% during the 3rd quarter. CWM LLC now owns 987 shares of the company’s stock valued at $44,000 after purchasing an additional 883 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 105.5% during the 3rd quarter. AE Wealth Management LLC now owns 45,417 shares of the company’s stock worth $2,006,000 after acquiring an additional 23,319 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 610.0% in the third quarter. Private Trust Co. NA now owns 21,294 shares of the company’s stock valued at $941,000 after purchasing an additional 18,295 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Invesco Dorsey Wright Technology Momentum ETF by 208.1% in the third quarter. Commonwealth Equity Services LLC now owns 7,172 shares of the company’s stock worth $317,000 after purchasing an additional 4,844 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 263.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 26,360 shares of the company’s stock valued at $1,164,000 after purchasing an additional 19,103 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 1.5 %

Shares of PTF traded up $0.81 during trading hours on Thursday, reaching $53.97. 10,794 shares of the stock traded hands, compared to its average volume of 28,270. The company has a market cap of $376.17 million, a P/E ratio of 11.99 and a beta of 1.23. The company’s 50-day moving average price is $55.58 and its two-hundred day moving average price is $50.53. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $39.23 and a 52-week high of $59.11.

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.