Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 246,133 shares, a decrease of 52.7% from the September 30th total of 519,834 shares. Based on an average trading volume of 494,596 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the company’s stock are short sold.
Hedge Funds Weigh In On Invesco Semiconductors ETF
Institutional investors have recently added to or reduced their stakes in the company. NFSG Corp grew its position in Invesco Semiconductors ETF by 55.6% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp bought a new position in Invesco Semiconductors ETF during the 1st quarter worth $26,000. Ascentis Independent Advisors acquired a new position in Invesco Semiconductors ETF in the 1st quarter valued at $28,000. Go Invest LLC acquired a new position in Invesco Semiconductors ETF in the 3rd quarter valued at $34,000. Finally, First Bancorp Inc ME bought a new stake in shares of Invesco Semiconductors ETF during the 2nd quarter valued at $43,000.
Invesco Semiconductors ETF Stock Performance
NYSEARCA PSI traded down $10.55 during trading hours on Friday, hitting $118.63. 479,999 shares of the company traded hands, compared to its average volume of 358,068. The business’s 50-day moving average is $137.86 and its 200-day moving average is $130.21. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. Invesco Semiconductors ETF has a twelve month low of $66.93 and a twelve month high of $189.24.
About Invesco Semiconductors ETF
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.
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