Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 24,473 shares, an increase of 4,293.7% from the June 30th total of 557 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 43,223 shares, the short-interest ratio is currently 0.6 days.
Invesco Dorsey Wright Financial Momentum ETF Trading Up 0.7%
NASDAQ PFI opened at $62.02 on Friday. The business has a fifty day simple moving average of $60.55 and a 200 day simple moving average of $57.96. Invesco Dorsey Wright Financial Momentum ETF has a 12 month low of $51.57 and a 12 month high of $64.00. The firm has a market capitalization of $55.20 million, a P/E ratio of 18.63 and a beta of 1.01.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 2,276 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $102,000 after purchasing an additional 1,200 shares in the last quarter. Advisory Services Network LLC grew its position in Invesco Dorsey Wright Financial Momentum ETF by 30.7% in the 2nd quarter. Advisory Services Network LLC now owns 7,155 shares of the company’s stock worth $400,000 after purchasing an additional 1,681 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter valued at about $1,145,000. Finally, Citadel Advisors LLC increased its stake in Invesco Dorsey Wright Financial Momentum ETF by 47.8% in the 3rd quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock valued at $432,000 after buying an additional 2,408 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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