Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 519,834 shares, an increase of 193.7% from the September 15th total of 177,002 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 238,442 shares, the short-interest ratio is currently 2.2 days.
Invesco Semiconductors ETF Stock Performance
Invesco Semiconductors ETF stock opened at $141.96 on Wednesday. Invesco Semiconductors ETF has a fifty-two week low of $66.93 and a fifty-two week high of $189.24. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. The stock’s 50 day simple moving average is $143.03 and its two-hundred day simple moving average is $143.09.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in Invesco Semiconductors ETF in the first quarter valued at about $26,000. NFSG Corp raised its stake in shares of Invesco Semiconductors ETF by 55.6% in the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Invesco Semiconductors ETF during the first quarter worth $28,000. Go Invest LLC acquired a new position in Invesco Semiconductors ETF in the third quarter valued at approximately $34,000. Finally, First Bancorp Inc ME acquired a new position in shares of Invesco Semiconductors ETF in the 2nd quarter valued at $43,000.
About Invesco Semiconductors ETF
PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.
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