Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Up 50.0% in September

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 25,800 shares, a growth of 50.0% from the September 15th total of 17,200 shares. Based on an average daily volume of 36,600 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 36,600 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Semiconductors ETF

A number of hedge funds have recently bought and sold shares of PSI. Cetera Investment Advisers grew its stake in Invesco Semiconductors ETF by 772.1% in the first quarter. Cetera Investment Advisers now owns 195,453 shares of the company’s stock worth $9,261,000 after purchasing an additional 173,041 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Invesco Semiconductors ETF by 833.9% in the second quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after purchasing an additional 135,576 shares in the last quarter. LPL Financial LLC grew its stake in Invesco Semiconductors ETF by 22.7% in the first quarter. LPL Financial LLC now owns 596,559 shares of the company’s stock worth $28,265,000 after purchasing an additional 110,556 shares in the last quarter. Captrust Financial Advisors grew its stake in Invesco Semiconductors ETF by 33.2% in the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after purchasing an additional 60,614 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Invesco Semiconductors ETF in the second quarter worth about $2,398,000.

Invesco Semiconductors ETF Stock Performance

NYSEARCA:PSI opened at $75.81 on Friday. The company has a market capitalization of $923.37 million, a price-to-earnings ratio of 29.05 and a beta of 1.39. Invesco Semiconductors ETF has a one year low of $37.64 and a one year high of $76.44. The stock has a 50-day simple moving average of $68.36 and a 200 day simple moving average of $59.26.

Invesco Semiconductors ETF Company Profile

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.