Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 22,063 shares, a decrease of 47.3% from the June 30th total of 41,902 shares. Based on an average trading volume of 158,896 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s stock are sold short.
Invesco Dorsey Wright Technology Momentum ETF Trading Up 4.8%
Shares of NASDAQ PTF opened at $101.70 on Friday. The stock has a market cap of $617.32 million, a P/E ratio of 32.05 and a beta of 1.65. The business’s fifty day simple moving average is $119.96 and its 200-day simple moving average is $104.45. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $64.29 and a 12-month high of $139.65.
Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF
Several large investors have recently bought and sold shares of PTF. Integrated Wealth Concepts LLC boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 74.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,050 shares of the company’s stock valued at $416,000 after buying an additional 3,000 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after buying an additional 495 shares during the period. Jane Street Group LLC raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after acquiring an additional 329,668 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the second quarter worth approximately $615,000.
Invesco Dorsey Wright Technology Momentum ETF Company Profile
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.
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