Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 11,444 shares, a decrease of 56.3% from the September 30th total of 26,173 shares. Based on an average daily volume of 19,030 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.
Invesco NASDAQ Internet ETF Trading Down 1.5%
PNQI stock traded down $0.77 during midday trading on Friday, hitting $49.30. The stock had a trading volume of 34,832 shares, compared to its average volume of 61,652. The firm has a market cap of $516.13 million, a P/E ratio of 30.49 and a beta of 1.25. The business has a fifty day moving average price of $51.69 and a two-hundred day moving average price of $48.99. Invesco NASDAQ Internet ETF has a 1-year low of $42.80 and a 1-year high of $56.47.
Institutional Trading of Invesco NASDAQ Internet ETF
A number of large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new position in Invesco NASDAQ Internet ETF in the 2nd quarter valued at $3,512,000. Cetera Investment Advisers grew its stake in shares of Invesco NASDAQ Internet ETF by 11.9% in the first quarter. Cetera Investment Advisers now owns 40,165 shares of the company’s stock worth $1,797,000 after purchasing an additional 4,262 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Invesco NASDAQ Internet ETF by 13.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,492 shares of the company’s stock worth $1,344,000 after purchasing an additional 3,214 shares in the last quarter. Citadel Advisors LLC purchased a new position in Invesco NASDAQ Internet ETF during the second quarter valued at $1,130,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $576,000.
Invesco NASDAQ Internet ETF Company Profile
The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.
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