Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Update

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 70,700 shares, a decrease of 43.8% from the January 31st total of 125,800 shares. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTF. Raymond James Financial Inc. bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at approximately $21,749,000. Scarborough Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth $5,022,000. MML Investors Services LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 49.1% in the fourth quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock valued at $11,312,000 after buying an additional 51,361 shares in the last quarter. LPL Financial LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 8.7% in the fourth quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock valued at $45,506,000 after acquiring an additional 50,452 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 30.8% during the fourth quarter. Ameriprise Financial Inc. now owns 120,737 shares of the company’s stock worth $8,761,000 after acquiring an additional 28,451 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

PTF stock traded down $2.67 during midday trading on Monday, reaching $63.07. The company had a trading volume of 70,546 shares, compared to its average volume of 32,178. Invesco Dorsey Wright Technology Momentum ETF has a 1-year low of $50.05 and a 1-year high of $80.92. The stock has a 50 day moving average price of $71.90 and a 200-day moving average price of $69.02. The company has a market capitalization of $495.73 million, a price-to-earnings ratio of 39.10 and a beta of 1.23.

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.