Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Decline in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 1,900 shares, a drop of 71.6% from the May 31st total of 6,700 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the first quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock valued at $498,000 after acquiring an additional 1,750 shares during the last quarter. SPC Financial Inc. boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the 1st quarter. SPC Financial Inc. now owns 16,068 shares of the company’s stock valued at $922,000 after purchasing an additional 828 shares during the last quarter. StoneX Group Inc. grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.1% during the 1st quarter. StoneX Group Inc. now owns 32,181 shares of the company’s stock worth $1,847,000 after buying an additional 336 shares during the period. Reik & CO. LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the first quarter worth approximately $207,000. Finally, Carr Financial Group Corp lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 29.4% in the first quarter. Carr Financial Group Corp now owns 5,360 shares of the company’s stock valued at $308,000 after buying an additional 1,218 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of NASDAQ PTF traded up $0.96 during trading on Thursday, reaching $61.70. The company had a trading volume of 13,678 shares, compared to its average volume of 23,975. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $40.17 and a 52 week high of $62.70. The business’s 50 day moving average price is $58.13 and its 200-day moving average price is $54.88. The stock has a market cap of $430.05 million, a PE ratio of 12.47 and a beta of 1.23.

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.