Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Declines By 39.2%

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 52,715 shares, a drop of 39.2% from the March 15th total of 86,719 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 218,411 shares, the short-interest ratio is currently 0.2 days.

Invesco Semiconductors ETF Stock Performance

Shares of NYSEARCA:PSI opened at $110.44 on Monday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 29.05 and a beta of 1.56. The stock’s 50-day simple moving average is $97.70 and its two-hundred day simple moving average is $85.88. Invesco Semiconductors ETF has a 52-week low of $40.47 and a 52-week high of $111.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after buying an additional 365,438 shares in the last quarter. Warner Group LLC purchased a new position in shares of Invesco Semiconductors ETF during the 3rd quarter valued at about $13,566,000. Ameriprise Financial Inc. lifted its position in shares of Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after buying an additional 135,576 shares in the last quarter. Trek Financial LLC purchased a new position in shares of Invesco Semiconductors ETF during the 4th quarter valued at about $5,457,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Semiconductors ETF by 199.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock valued at $7,859,000 after buying an additional 67,534 shares in the last quarter.

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.