Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 557 shares, a growth of 142.2% from the June 15th total of 230 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,032 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the 4th quarter worth approximately $35,000. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $102,000 after acquiring an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter valued at approximately $115,000. Jones Financial Companies Lllp increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 677.4% during the first quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock valued at $140,000 after acquiring an additional 2,276 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Invesco Dorsey Wright Financial Momentum ETF by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock worth $295,000 after purchasing an additional 225 shares in the last quarter.
Invesco Dorsey Wright Financial Momentum ETF Price Performance
Shares of NASDAQ PFI traded up $1.17 during midday trading on Tuesday, reaching $62.89. 781 shares of the company traded hands, compared to its average volume of 8,131. Invesco Dorsey Wright Financial Momentum ETF has a 52 week low of $51.57 and a 52 week high of $62.93. The stock has a 50-day moving average price of $59.82 and a 200 day moving average price of $57.71. The company has a market cap of $40.88 million, a price-to-earnings ratio of 18.63 and a beta of 1.01.
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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