Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Drops By 34.9%

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 202,536 shares, a decrease of 34.9% from the July 30th total of 311,194 shares. Based on an average daily volume of 491,684 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the shares of the stock are short sold.

Invesco Semiconductors ETF Stock Performance

Shares of Invesco Semiconductors ETF stock traded down $3.89 on Tuesday, hitting $127.93. The stock had a trading volume of 334,217 shares, compared to its average volume of 337,126. Invesco Semiconductors ETF has a twelve month low of $60.78 and a twelve month high of $189.24. The stock has a 50 day moving average of $149.52 and a 200 day moving average of $133.13. The firm has a market capitalization of $2.15 billion, a P/E ratio of 29.05 and a beta of 1.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSI. Wedmont Private Capital bought a new position in Invesco Semiconductors ETF during the second quarter worth $1,078,000. Kintra Wealth LLC bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter valued at $619,000. Members Advisory Group LLC lifted its position in shares of Invesco Semiconductors ETF by 293.4% during the 2nd quarter. Members Advisory Group LLC now owns 67,134 shares of the company’s stock valued at $12,609,000 after acquiring an additional 50,067 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Invesco Semiconductors ETF in the second quarter worth $3,081,000. Finally, Andina Capital Management LLC acquired a new stake in Invesco Semiconductors ETF in the second quarter worth $343,000.

About Invesco Semiconductors ETF

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.