Short Interest in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Increases By 94.9%

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 71,565 shares, a growth of 94.9% from the November 30th total of 36,720 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 25,771 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 25,771 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.5% of the company’s shares are short sold.

Invesco NASDAQ Internet ETF Trading Down 0.4%

PNQI stock traded down $0.24 during mid-day trading on Monday, reaching $54.27. 12,294 shares of the stock traded hands, compared to its average volume of 60,274. Invesco NASDAQ Internet ETF has a 52-week low of $37.75 and a 52-week high of $57.22. The stock’s fifty day moving average is $54.38 and its 200-day moving average is $53.80. The company has a market cap of $782.05 million, a P/E ratio of 30.49 and a beta of 1.21.

Institutional Trading of Invesco NASDAQ Internet ETF

Several large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the second quarter valued at $34,000. MAI Capital Management boosted its position in Invesco NASDAQ Internet ETF by 124.5% during the 1st quarter. MAI Capital Management now owns 988 shares of the company’s stock worth $44,000 after acquiring an additional 548 shares during the period. Huntington National Bank purchased a new position in Invesco NASDAQ Internet ETF during the 3rd quarter valued at about $56,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at about $61,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF in the third quarter worth approximately $73,000.

Invesco NASDAQ Internet ETF Company Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.