Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,072 shares, an increase of 118.3% from the August 31st total of 949 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 8,892 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the first quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after buying an additional 294 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the 2nd quarter valued at $46,000. Finally, IMC Chicago LLC lifted its position in Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the first quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock valued at $1,994,000 after purchasing an additional 5,195 shares during the period.
Invesco Dorsey Wright Financial Momentum ETF Stock Down 0.6%
Shares of PFI traded down $0.36 during trading hours on Tuesday, reaching $58.19. 54,458 shares of the company traded hands, compared to its average volume of 7,810. The stock has a market capitalization of $58.77 million, a P/E ratio of 18.63 and a beta of 1.00. Invesco Dorsey Wright Financial Momentum ETF has a 12-month low of $51.57 and a 12-month high of $64.46. The business has a fifty day moving average price of $61.87 and a 200-day moving average price of $59.42.
About Invesco Dorsey Wright Financial Momentum ETF
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.
Featured Stories
- Five stocks we like better than Invesco Dorsey Wright Financial Momentum ETF
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
Receive News & Ratings for Invesco Dorsey Wright Financial Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dorsey Wright Financial Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
