Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Expands By 179.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 35,733 shares, an increase of 179.5% from the December 31st total of 12,784 shares. Based on an average daily volume of 36,981 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 36,981 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after acquiring an additional 329,668 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after purchasing an additional 110,228 shares during the period. Paller Financial Services Inc bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth about $5,948,000. IMC Chicago LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after purchasing an additional 34,299 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after purchasing an additional 26,830 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 3.6%

Shares of NASDAQ PTF opened at $84.74 on Friday. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $49.57 and a fifty-two week high of $89.01. The business has a 50 day moving average price of $80.16 and a two-hundred day moving average price of $75.70. The firm has a market cap of $406.75 million, a PE ratio of 32.05 and a beta of 1.49.

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.