Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Significant Decline in Short Interest

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 86,719 shares, a drop of 59.7% from the February 26th total of 215,364 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 246,152 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco Semiconductors ETF

Hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco Semiconductors ETF in the second quarter worth approximately $727,000. M Holdings Securities Inc. bought a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter valued at $1,219,000. Caprock Group LLC purchased a new position in shares of Invesco Semiconductors ETF during the 3rd quarter valued at $561,000. Arete Wealth Advisors LLC lifted its stake in shares of Invesco Semiconductors ETF by 21.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 42,262 shares of the company’s stock valued at $2,972,000 after buying an additional 7,521 shares in the last quarter. Finally, Warner Group LLC bought a new position in Invesco Semiconductors ETF in the 3rd quarter worth $13,566,000.

Invesco Semiconductors ETF Price Performance

NYSEARCA:PSI opened at $100.67 on Thursday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a one year low of $37.64 and a one year high of $105.74. The business has a fifty day moving average price of $96.43 and a 200-day moving average price of $83.20.

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.