Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Significant Growth in Short Interest

Invesco Semiconductors ETF (NYSEARCA:PSI) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 86,896 shares, an increase of 40.3% from the December 31st total of 61,928 shares. Based on an average trading volume of 74,002 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 74,002 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Invesco Semiconductors ETF

Several institutional investors have recently added to or reduced their stakes in PSI. CWM LLC boosted its holdings in Invesco Semiconductors ETF by 31.7% in the second quarter. CWM LLC now owns 9,664 shares of the company’s stock valued at $579,000 after purchasing an additional 2,326 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco Semiconductors ETF in the 2nd quarter valued at about $727,000. PFG Advisors purchased a new position in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $314,000. M Holdings Securities Inc. acquired a new position in shares of Invesco Semiconductors ETF during the second quarter worth about $1,219,000. Finally, WNY Asset Management LLC purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter worth approximately $235,000.

Invesco Semiconductors ETF Stock Performance

Shares of PSI stock traded down $4.18 on Friday, hitting $93.02. 82,184 shares of the stock traded hands, compared to its average volume of 86,789. Invesco Semiconductors ETF has a twelve month low of $37.64 and a twelve month high of $97.62. The firm’s 50-day moving average price is $84.11 and its two-hundred day moving average price is $73.68. The stock has a market capitalization of $1.19 billion, a PE ratio of 29.05 and a beta of 1.57.

About Invesco Semiconductors ETF

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.