Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 65.4% in October

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 8,100 shares, a decrease of 65.4% from the October 15th total of 23,400 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors have recently modified their holdings of the business. Raymond James & Associates lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% during the 3rd quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock valued at $8,392,000 after acquiring an additional 48,643 shares during the period. Envestnet Asset Management Inc. increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after purchasing an additional 35,882 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Invesco Dorsey Wright Technology Momentum ETF during the second quarter worth $1,847,000. Outlook Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the second quarter worth $1,294,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock valued at $3,614,000 after purchasing an additional 19,277 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ:PTF traded down $1.52 during mid-day trading on Wednesday, reaching $71.37. The stock had a trading volume of 21,697 shares, compared to its average volume of 24,492. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $45.47 and a twelve month high of $74.83. The business has a 50 day simple moving average of $64.32 and a 200 day simple moving average of $61.51. The firm has a market capitalization of $513.86 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

About Invesco Dorsey Wright Technology Momentum ETF

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.