Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 6,489.7% in December

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 12,784 shares, a growth of 6,489.7% from the December 15th total of 194 shares. Based on an average trading volume of 27,638 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 27,638 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Red Tortoise LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at about $27,000. GHP Investment Advisors Inc. bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the second quarter valued at approximately $44,000. Qube Research & Technologies Ltd boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after purchasing an additional 1,137 shares during the period. Jones Financial Companies Lllp grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after purchasing an additional 495 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter worth $203,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Invesco Dorsey Wright Technology Momentum ETF stock traded up $0.91 during mid-day trading on Monday, hitting $82.35. The company’s stock had a trading volume of 28,626 shares, compared to its average volume of 33,204. The company has a 50 day moving average of $77.70 and a 200-day moving average of $74.02. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $49.57 and a one year high of $84.05. The stock has a market cap of $396.10 million, a PE ratio of 32.05 and a beta of 1.49.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.