Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Down 53.2% in April

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 364 shares, a decrease of 53.2% from the March 31st total of 777 shares. Based on an average daily volume of 1,579 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

A number of institutional investors have recently modified their holdings of PFI. IMC Chicago LLC grew its stake in Invesco Dorsey Wright Financial Momentum ETF by 26.6% in the 4th quarter. IMC Chicago LLC now owns 32,256 shares of the company’s stock valued at $1,862,000 after buying an additional 6,773 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the 3rd quarter valued at $1,145,000. AlphaCore Capital LLC purchased a new stake in Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter worth about $1,030,000. Genesee Capital Advisors LLC boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 84.9% in the 4th quarter. Genesee Capital Advisors LLC now owns 9,247 shares of the company’s stock worth $534,000 after purchasing an additional 4,247 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Invesco Dorsey Wright Financial Momentum ETF during the 3rd quarter valued at about $502,000.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of PFI traded up $0.32 during mid-day trading on Monday, hitting $57.87. The stock had a trading volume of 826 shares, compared to its average volume of 7,505. The business has a fifty day moving average price of $54.92 and a 200-day moving average price of $56.60. Invesco Dorsey Wright Financial Momentum ETF has a 52 week low of $51.57 and a 52 week high of $60.12. The firm has a market cap of $35.88 million, a P/E ratio of 18.63 and a beta of 1.04.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.