Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 272,310 shares, an increase of 1,748.7% from the July 15th total of 14,730 shares. Based on an average daily trading volume, of 92,620 shares, the short-interest ratio is presently 2.9 days. Approximately 2.6% of the shares of the stock are short sold.

Institutional Trading of Invesco NASDAQ Internet ETF

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Invesco NASDAQ Internet ETF in the fourth quarter valued at $40,000. Advisory Services Network LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth about $73,000. O Shaughnessy Asset Management LLC raised its position in Invesco NASDAQ Internet ETF by 198.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,449 shares of the company’s stock worth $132,000 after acquiring an additional 1,628 shares during the last quarter. Equitable Trust Co. acquired a new position in Invesco NASDAQ Internet ETF during the first quarter worth about $203,000. Finally, RCW Management LLC acquired a new position in Invesco NASDAQ Internet ETF during the fourth quarter worth about $237,000.

Invesco NASDAQ Internet ETF Trading Down 0.4%

Shares of NASDAQ:PNQI traded down $0.21 during trading on Tuesday, hitting $51.98. 26,029 shares of the stock were exchanged, compared to its average volume of 74,126. The company has a market cap of $553.59 million, a PE ratio of 30.49 and a beta of 1.23. The company has a fifty day moving average price of $47.63 and a two-hundred day moving average price of $47.67. Invesco NASDAQ Internet ETF has a 12-month low of $42.80 and a 12-month high of $57.22.

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.