Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 949 shares, a decline of 66.9% from the August 15th total of 2,871 shares. Based on an average daily volume of 5,477 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Invesco Dorsey Wright Financial Momentum ETF Stock Up 0.1%
NASDAQ:PFI traded up $0.07 during mid-day trading on Friday, reaching $61.74. 1,975 shares of the stock were exchanged, compared to its average volume of 7,883. The company has a 50 day simple moving average of $62.54 and a 200-day simple moving average of $59.03. The stock has a market capitalization of $58.65 million, a P/E ratio of 18.63 and a beta of 1.00. Invesco Dorsey Wright Financial Momentum ETF has a 1 year low of $51.57 and a 1 year high of $64.46.
Hedge Funds Weigh In On Invesco Dorsey Wright Financial Momentum ETF
A number of hedge funds have recently modified their holdings of PFI. Cetera Investment Advisers increased its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after acquiring an additional 225 shares during the period. Bank of America Corp DE boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after purchasing an additional 294 shares during the period. Royal Bank of Canada boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 9.4% during the 4th quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock worth $338,000 after purchasing an additional 503 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Invesco Dorsey Wright Financial Momentum ETF during the 2nd quarter worth $46,000. Finally, Advisory Services Network LLC grew its position in Invesco Dorsey Wright Financial Momentum ETF by 11.1% during the 4th quarter. Advisory Services Network LLC now owns 7,683 shares of the company’s stock worth $444,000 after purchasing an additional 769 shares during the last quarter.
Invesco Dorsey Wright Financial Momentum ETF Company Profile
PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.
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