Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Drops By 34.9%

Invesco Semiconductors ETF (NYSEARCA:PSI) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 202,536 shares, a drop of 34.9% from the July 30th total of 311,194 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 491,684 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently modified their holdings of PSI. Royal Bank of Canada increased its position in Invesco Semiconductors ETF by 16.9% in the first quarter. Royal Bank of Canada now owns 91,275 shares of the company’s stock worth $4,325,000 after buying an additional 13,163 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco Semiconductors ETF during the 1st quarter worth $540,000. Creative Planning bought a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth $351,000. Flow Traders U.S. LLC bought a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth $365,000. Finally, Ameriprise Financial Inc. increased its holdings in Invesco Semiconductors ETF by 833.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after acquiring an additional 135,576 shares during the last quarter.

Invesco Semiconductors ETF Trading Down 3.0%

Invesco Semiconductors ETF stock traded down $3.89 during midday trading on Tuesday, reaching $127.93. The stock had a trading volume of 334,217 shares, compared to its average volume of 337,126. The company has a fifty day moving average price of $149.52 and a two-hundred day moving average price of $133.13. Invesco Semiconductors ETF has a 12 month low of $60.78 and a 12 month high of $189.24. The company has a market capitalization of $2.15 billion, a P/E ratio of 29.05 and a beta of 1.79.

Invesco Semiconductors ETF Company Profile

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.