Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Declines By 21.3%

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 81,408 shares, a decrease of 21.3% from the January 29th total of 103,411 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 263,828 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 263,828 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s stock are short sold.

Invesco Semiconductors ETF Trading Down 1.6%

NYSEARCA PSI opened at $99.00 on Monday. Invesco Semiconductors ETF has a 12 month low of $37.64 and a 12 month high of $105.74. The company’s 50 day moving average is $92.24 and its two-hundred day moving average is $79.15. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSI. VSM Wealth Advisory LLC purchased a new position in Invesco Semiconductors ETF during the 4th quarter worth $34,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco Semiconductors ETF during the 4th quarter valued at about $35,000. MV Capital Management Inc. purchased a new stake in Invesco Semiconductors ETF in the 4th quarter valued at about $59,000. Simplex Trading LLC grew its position in Invesco Semiconductors ETF by 818.3% in the 2nd quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after acquiring an additional 671 shares in the last quarter. Finally, Howe & Rusling Inc. acquired a new position in shares of Invesco Semiconductors ETF during the fourth quarter worth about $59,000.

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.