Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Drop in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 15,936 shares, a drop of 55.4% from the January 15th total of 35,733 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 27,540 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 27,540 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.5%

NASDAQ:PTF opened at $89.00 on Friday. The firm has a market cap of $420.97 million, a price-to-earnings ratio of 32.05 and a beta of 1.49. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $49.57 and a 12-month high of $91.75. The company’s 50-day moving average is $82.20 and its two-hundred day moving average is $76.99.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arete Wealth Advisors LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $397,000. HRT Financial LP acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at $996,000. StoneX Group Inc. increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 2.7% in the fourth quarter. StoneX Group Inc. now owns 38,700 shares of the company’s stock valued at $2,960,000 after purchasing an additional 1,034 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 3.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,742 shares of the company’s stock worth $1,663,000 after buying an additional 639 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth about $724,000.

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.