Short Interest in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Decreases By 49.7%

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 35,979 shares, a decline of 49.7% from the December 15th total of 71,565 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 28,457 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 28,457 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco NASDAQ Internet ETF

Hedge funds have recently modified their holdings of the company. AE Wealth Management LLC lifted its stake in Invesco NASDAQ Internet ETF by 15.0% in the second quarter. AE Wealth Management LLC now owns 1,677 shares of the company’s stock worth $88,000 after purchasing an additional 219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco NASDAQ Internet ETF by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,095 shares of the company’s stock valued at $550,000 after acquiring an additional 275 shares during the period. WMG Financial Advisors LLC increased its stake in Invesco NASDAQ Internet ETF by 5.9% in the second quarter. WMG Financial Advisors LLC now owns 5,798 shares of the company’s stock worth $303,000 after purchasing an additional 324 shares during the period. Allworth Financial LP boosted its position in Invesco NASDAQ Internet ETF by 39.3% in the 3rd quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock valued at $78,000 after buying an additional 393 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Invesco NASDAQ Internet ETF by 4.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,900 shares of the company’s stock worth $465,000 after acquiring an additional 401 shares during the period.

Invesco NASDAQ Internet ETF Stock Down 0.8%

PNQI traded down $0.40 during midday trading on Friday, reaching $52.33. The company had a trading volume of 40,254 shares, compared to its average volume of 45,587. The business has a 50-day moving average of $53.85 and a two-hundred day moving average of $54.11. Invesco NASDAQ Internet ETF has a 1 year low of $37.75 and a 1 year high of $57.22. The company has a market cap of $755.65 million, a P/E ratio of 30.49 and a beta of 1.21.

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.