Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Update

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 557 shares, an increase of 142.2% from the June 15th total of 230 shares. Based on an average trading volume of 1,032 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of PFI stock traded up $1.17 during trading hours on Tuesday, reaching $62.89. The stock had a trading volume of 781 shares, compared to its average volume of 8,131. Invesco Dorsey Wright Financial Momentum ETF has a twelve month low of $51.57 and a twelve month high of $62.93. The firm has a 50-day simple moving average of $59.82 and a 200-day simple moving average of $57.71. The firm has a market capitalization of $40.88 million, a PE ratio of 18.63 and a beta of 1.01.

Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Several large investors have recently made changes to their positions in PFI. Darwin Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter valued at approximately $35,000. Geneos Wealth Management Inc. grew its holdings in Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $102,000 after buying an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Financial Momentum ETF in the 4th quarter valued at approximately $115,000. Jones Financial Companies Lllp increased its position in Invesco Dorsey Wright Financial Momentum ETF by 677.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock valued at $140,000 after acquiring an additional 2,276 shares during the period. Finally, Cetera Investment Advisers raised its stake in Invesco Dorsey Wright Financial Momentum ETF by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after acquiring an additional 225 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.