Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 21,691 shares, a decrease of 50.0% from the September 30th total of 43,386 shares. Based on an average daily volume of 80,503 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.
Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF
Large investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at about $27,000. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at about $41,000. Centaurus Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter valued at about $202,000. Finally, Fifth Third Securities Inc. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at about $214,000.
Invesco Dorsey Wright Technology Momentum ETF Price Performance
Shares of NASDAQ:PTF traded down $5.71 during trading on Friday, hitting $99.62. 66,521 shares of the company were exchanged, compared to its average volume of 94,165. The company has a market cap of $552.89 million, a PE ratio of 32.05 and a beta of 1.67. The stock has a 50 day moving average of $104.24 and a 200 day moving average of $104.64. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $66.48 and a 52-week high of $139.65.
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.
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