Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 127.5% in July

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 50,196 shares, an increase of 127.5% from the July 15th total of 22,063 shares. Based on an average daily volume of 225,921 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the shares of the stock are short sold.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of PTF traded up $2.71 during mid-day trading on Friday, hitting $113.73. 126,549 shares of the company were exchanged, compared to its average volume of 98,853. Invesco Dorsey Wright Technology Momentum ETF has a 1-year low of $64.29 and a 1-year high of $139.65. The company has a 50 day moving average of $115.03 and a 200-day moving average of $106.08. The stock has a market cap of $689.20 million, a price-to-earnings ratio of 32.05 and a beta of 1.68.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds have recently made changes to their positions in the company. Cooper Financial Group increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 6.8% during the second quarter. Cooper Financial Group now owns 3,370 shares of the company’s stock worth $459,000 after purchasing an additional 214 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 7.0% during the 1st quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock worth $317,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.5% during the fourth quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock worth $639,000 after buying an additional 284 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% during the first quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after buying an additional 300 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 9.1% in the third quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock valued at $288,000 after buying an additional 322 shares during the last quarter.

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.