Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Growth in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 98,500 shares, a growth of 456.5% from the February 28th total of 17,700 shares. Based on an average daily volume of 68,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.3% of the company’s shares are short sold.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of PTF stock opened at $62.74 on Thursday. The stock has a 50 day moving average price of $67.88 and a 200 day moving average price of $68.89. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $50.05 and a 52-week high of $80.92. The firm has a market capitalization of $493.14 million, a P/E ratio of 35.33 and a beta of 1.23.

Invesco Dorsey Wright Technology Momentum ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.1491 per share. The ex-dividend date is Monday, March 24th.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 109,764 shares of the company’s stock worth $7,964,000 after buying an additional 393 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.3% in the 4th quarter. MGO One Seven LLC now owns 9,838 shares of the company’s stock valued at $714,000 after acquiring an additional 758 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 20.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,541 shares of the company’s stock worth $329,000 after acquiring an additional 769 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 143.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock worth $124,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 19,668 shares of the company’s stock valued at $1,427,000 after purchasing an additional 1,039 shares in the last quarter.

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.