Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 85.1% in March

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 14,700 shares, a decrease of 85.1% from the March 15th total of 98,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 100,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $109,000. Jones Financial Companies Lllp raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 143.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock valued at $124,000 after purchasing an additional 1,006 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth approximately $203,000. Journey Strategic Wealth LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $218,000. Finally, Berger Financial Group Inc bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $219,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 1.1 %

PTF traded up $0.59 during trading hours on Monday, reaching $55.95. 18,928 shares of the company’s stock traded hands, compared to its average volume of 46,871. The firm has a 50-day moving average price of $63.43 and a 200 day moving average price of $68.42. The firm has a market capitalization of $373.19 million, a PE ratio of 38.14 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $49.57 and a 52-week high of $80.92.

Invesco Dorsey Wright Technology Momentum ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1491 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.