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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 13,100 shares, a drop of 18.1% from the August 15th total of 16,000 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds have recently bought and sold shares of PTF. Raymond James & Associates lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.3% during the 2nd quarter. Raymond James & Associates now owns 83,655 shares of the company’s stock worth $5,182,000 after purchasing an additional 1,101 shares during the period. UBS Group AG lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 106.6% during the fourth quarter. UBS Group AG now owns 241,997 shares of the company’s stock worth $12,223,000 after buying an additional 124,845 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 30.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 34,509 shares of the company’s stock worth $1,743,000 after buying an additional 8,149 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $243,000. Finally, IMC Chicago LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter valued at about $607,000.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of NASDAQ PTF opened at $60.72 on Tuesday. The company has a 50-day simple moving average of $60.39 and a 200-day simple moving average of $58.75. The company has a market cap of $428.08 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 $40.17 and a 12 month high of $65.85.

About Invesco Dorsey Wright Technology Momentum ETF

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.