Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Update

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 86,896 shares, a growth of 40.3% from the December 31st total of 61,928 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 74,002 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 74,002 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in Invesco Semiconductors ETF by 863.8% in the 4th quarter. Truist Financial Corp now owns 45,981 shares of the company’s stock valued at $3,626,000 after purchasing an additional 41,210 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Invesco Semiconductors ETF by 9.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,876 shares of the company’s stock valued at $306,000 after buying an additional 345 shares during the last quarter. Lebenthal Global Advisors LLC lifted its stake in shares of Invesco Semiconductors ETF by 7.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 4,250 shares of the company’s stock valued at $335,000 after buying an additional 300 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Invesco Semiconductors ETF during the fourth quarter worth approximately $35,000. Finally, Harbor Asset Planning Inc. boosted its position in Invesco Semiconductors ETF by 20.7% during the fourth quarter. Harbor Asset Planning Inc. now owns 782 shares of the company’s stock worth $62,000 after acquiring an additional 134 shares during the last quarter.

Invesco Semiconductors ETF Price Performance

NYSEARCA:PSI traded up $2.30 during trading hours on Monday, reaching $95.32. 291,288 shares of the company traded hands, compared to its average volume of 96,532. The firm’s 50-day moving average is $84.54 and its 200-day moving average is $74.00. The stock has a market cap of $1.22 billion, a P/E ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a 1-year low of $37.64 and a 1-year high of $97.62.

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.