Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 246,133 shares, a decline of 52.7% from the September 30th total of 519,834 shares. Based on an average trading volume of 494,596 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the shares of the stock are short sold.
Invesco Semiconductors ETF Trading Down 8.2%
NYSEARCA PSI traded down $10.55 during trading on Friday, hitting $118.63. 479,999 shares of the company’s stock were exchanged, compared to its average volume of 358,068. The company has a market cap of $2.29 billion, a PE ratio of 29.05 and a beta of 1.80. Invesco Semiconductors ETF has a fifty-two week low of $66.93 and a fifty-two week high of $189.24. The stock’s 50 day moving average price is $137.86 and its two-hundred day moving average price is $130.21.
Hedge Funds Weigh In On Invesco Semiconductors ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp grew its stake in shares of Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Invesco Semiconductors ETF by 3.4% during the third quarter. Flagship Harbor Advisors LLC now owns 3,030 shares of the company’s stock worth $462,000 after buying an additional 101 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Invesco Semiconductors ETF by 3.9% in the 3rd quarter. Signal Advisors Wealth LLC now owns 2,981 shares of the company’s stock valued at $455,000 after acquiring an additional 111 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Invesco Semiconductors ETF by 2.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,652 shares of the company’s stock valued at $367,000 after acquiring an additional 124 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Invesco Semiconductors ETF by 5.0% during the 1st quarter. Sanctuary Advisors LLC now owns 4,071 shares of the company’s stock valued at $384,000 after acquiring an additional 195 shares in the last quarter.
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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