Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Sees Large Decline in Short Interest

Invesco NASDAQ Internet ETF (NASDAQ:PNQIGet Free Report) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 14,692 shares, a drop of 47.5% from the January 15th total of 27,980 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 187,109 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 187,109 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Invesco NASDAQ Internet ETF

Large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $34,000. Global Retirement Partners LLC purchased a new position in shares of Invesco NASDAQ Internet ETF in the fourth quarter valued at approximately $40,000. Huntington National Bank acquired a new position in shares of Invesco NASDAQ Internet ETF in the third quarter valued at approximately $56,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Invesco NASDAQ Internet ETF in the third quarter valued at approximately $61,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $73,000.

Invesco NASDAQ Internet ETF Stock Down 2.8%

Shares of Invesco NASDAQ Internet ETF stock traded down $1.34 during trading hours on Thursday, reaching $45.95. 51,787 shares of the company’s stock were exchanged, compared to its average volume of 126,140. The business has a fifty day moving average of $52.77 and a two-hundred day moving average of $53.90. The company has a market capitalization of $601.95 million, a P/E ratio of 30.49 and a beta of 1.21. Invesco NASDAQ Internet ETF has a 1 year low of $37.75 and a 1 year high of $57.22.

Invesco NASDAQ Internet ETF Company Profile

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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.

Further Reading

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