Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 70,700 shares, a decrease of 43.8% from the January 31st total of 125,800 shares. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $109,000. Jones Financial Companies Lllp grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 143.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock valued at $124,000 after buying an additional 1,006 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $203,000. Journey Strategic Wealth LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $218,000. Finally, Berger Financial Group Inc acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $219,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of PTF stock opened at $63.07 on Tuesday. The firm’s 50-day moving average is $71.90 and its 200-day moving average is $69.02. The stock has a market cap of $495.73 million, a price-to-earnings ratio of 39.10 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $50.05 and a 52-week high of $80.92.

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.