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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 16,100 shares, anincreaseof96.3% from the July 15th total of 8,200 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.3% of the shares of the company are short sold. Currently,0.3% of the shares of the company are short sold. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds have recently made changes to their positions in PTF. Raymond James Financial Inc. acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth $21,749,000. MML Investors Services LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.1% in the fourth quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock worth $11,312,000 after purchasing an additional 51,361 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth $203,000. MGO One Seven LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 8.3% in the fourth quarter. MGO One Seven LLC now owns 9,838 shares of the company’s stock worth $714,000 after purchasing an additional 758 shares during the period. Finally, Berger Financial Group Inc acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth $219,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 0.9%

NASDAQ PTF opened at $68.05 on Friday. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $49.57 and a 52-week high of $80.92. The stock has a market capitalization of $370.19 million, a P/E ratio of 32.05 and a beta of 1.23. The firm has a 50-day moving average price of $67.83 and a 200 day moving average price of $64.56.

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.