Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,871 shares, a decrease of 45.9% from the July 30th total of 5,304 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 2,773 shares, the days-to-cover ratio is presently 1.0 days.
Invesco Dorsey Wright Financial Momentum ETF Trading Down 1.0%
NASDAQ:PFI traded down $0.63 on Tuesday, hitting $61.37. The company’s stock had a trading volume of 1,464 shares, compared to its average volume of 7,734. The stock has a fifty day moving average of $62.39 and a two-hundred day moving average of $58.68. The firm has a market capitalization of $58.31 million, a P/E ratio of 18.63 and a beta of 1.01. Invesco Dorsey Wright Financial Momentum ETF has a one year low of $51.57 and a one year high of $64.46.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
A number of hedge funds have recently modified their holdings of PFI. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the fourth quarter valued at about $115,000. Jones Financial Companies Lllp grew its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 677.4% in 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 in the last quarter. Cetera Investment Advisers increased its position 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 acquiring an additional 225 shares during the period. Finally, Royal Bank of Canada raised its stake in Invesco Dorsey Wright Financial Momentum ETF by 9.4% in 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 in 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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