Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Decline in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 31,800 shares, a decline of 19.3% from the December 15th total of 39,400 shares. Based on an average trading volume of 45,100 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of large investors have recently modified their holdings of PTF. KKM Financial LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after buying an additional 228 shares in the last quarter. SPC Financial Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after acquiring an additional 308 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock worth $943,000 after acquiring an additional 766 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% in the 2nd quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock valued at $319,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Outlook Wealth Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 22,061 shares of the company’s stock valued at $1,399,000 after purchasing an additional 1,168 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF traded up $0.23 during trading on Friday, reaching $71.23. The stock had a trading volume of 1,995 shares, compared to its average volume of 82,150. The business has a 50-day moving average of $74.17 and a 200-day moving average of $66.47. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $47.43 and a one year high of $80.92. The stock has a market cap of $563.39 million, a PE 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.