Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 46,644 shares, a decline of 51.3% from the March 15th total of 95,743 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 44,785 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 4th quarter valued at $40,000. Huntington National Bank acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at $56,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at $61,000. Advisory Services Network LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at $73,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 2nd quarter valued at $78,000.

Invesco NASDAQ Internet ETF Price Performance

NASDAQ PNQI opened at $45.39 on Friday. The company has a market capitalization of $535.15 million, a PE ratio of 30.49 and a beta of 1.28. Invesco NASDAQ Internet ETF has a 1 year low of $40.33 and a 1 year high of $57.22. The company has a fifty day moving average of $46.46 and a 200 day moving average of $51.53.

About Invesco NASDAQ Internet ETF

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.