Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 21,959 shares, a growth of 52.9% from the March 15th total of 14,360 shares. Based on an average trading volume of 52,540 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.5% during the fourth quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock worth $639,000 after purchasing an additional 284 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.0% during the third quarter. Farther Finance Advisors LLC now owns 32,444 shares of the company’s stock worth $2,427,000 after purchasing an additional 312 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 9.1% during the third quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock worth $288,000 after purchasing an additional 322 shares during the period. Centaurus Financial Inc. increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 10.8% during the third quarter. Centaurus Financial Inc. now owns 3,605 shares of the company’s stock worth $270,000 after purchasing an additional 350 shares during the period. Finally, SPC Financial Inc. increased its position in Invesco Dorsey Wright Technology Momentum ETF by 2.6% during the third quarter. SPC Financial Inc. now owns 15,015 shares of the company’s stock worth $1,123,000 after acquiring an additional 384 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 0.3%

NASDAQ:PTF opened at $101.77 on Thursday. The stock’s 50 day moving average price is $91.15 and its two-hundred day moving average price is $83.52. The firm has a market capitalization of $472.21 million, a price-to-earnings ratio of 32.05 and a beta of 1.51. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $52.36 and a 12-month high of $102.72.

About Invesco Dorsey Wright Technology Momentum ETF

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.