Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 583,600 shares, a drop of 16.3% from the February 13th total of 697,400 shares. Based on an average daily volume of 97,500 shares, the short-interest ratio is presently 6.0 days. Currently, 3.3% of the company’s shares are short sold.

Institutional Trading of Invesco NASDAQ Internet ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Invesco NASDAQ Internet ETF in the 4th quarter valued at $7,875,000. Bank of Montreal Can purchased a new stake in Invesco NASDAQ Internet ETF during the third quarter worth about $5,401,000. Jane Street Group LLC lifted its stake in Invesco NASDAQ Internet ETF by 39.0% in the third quarter. Jane Street Group LLC now owns 373,571 shares of the company’s stock valued at $16,232,000 after purchasing an additional 104,872 shares during the last quarter. Grant GrossMendelsohn LLC bought a new position in Invesco NASDAQ Internet ETF during the fourth quarter valued at $3,151,000. Finally, Two Sigma Investments LP purchased a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth $2,554,000.

Invesco NASDAQ Internet ETF Price Performance

Shares of Invesco NASDAQ Internet ETF stock traded up $0.79 during trading on Wednesday, reaching $45.41. 35,510 shares of the company traded hands, compared to its average volume of 70,144. The firm has a market capitalization of $807.84 million, a PE ratio of 29.10 and a beta of 1.15. The company has a 50 day moving average price of $48.14 and a 200-day moving average price of $46.13. Invesco NASDAQ Internet ETF has a 1-year low of $36.00 and a 1-year high of $51.32.

About Invesco NASDAQ Internet ETF

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.