Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Expands By 456.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 98,500 shares, a growth of 456.5% from the February 28th total of 17,700 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 68,000 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 109,764 shares of the company’s stock worth $7,964,000 after buying an additional 393 shares in the last quarter. MGO One Seven LLC raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 8.3% during the fourth quarter. MGO One Seven LLC now owns 9,838 shares of the company’s stock worth $714,000 after acquiring an additional 758 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 20.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,541 shares of the company’s stock worth $329,000 after acquiring an additional 769 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 143.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock valued at $124,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 19,668 shares of the company’s stock valued at $1,427,000 after purchasing an additional 1,039 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 3.5 %

PTF stock traded down $2.14 during mid-day trading on Friday, hitting $59.17. The stock had a trading volume of 22,736 shares, compared to its average volume of 36,582. The firm has a fifty day simple moving average of $67.68 and a 200 day simple moving average of $68.84. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $50.05 and a 52 week high of $80.92. The firm has a market capitalization of $465.08 million, a P/E ratio of 38.14 and a beta of 1.23.

Invesco Dorsey Wright Technology Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.1491 per share. The ex-dividend date is Monday, March 24th.

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.