Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 95,743 shares, a growth of 34.9% from the February 26th total of 70,964 shares. Based on an average daily trading volume, of 104,647 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Invesco NASDAQ Internet ETF by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 249,316 shares of the company’s stock valued at $13,450,000 after purchasing an additional 8,671 shares during the last quarter. Bank of America Corp DE boosted its holdings in Invesco NASDAQ Internet ETF by 3.2% in the third quarter. Bank of America Corp DE now owns 241,299 shares of the company’s stock worth $13,472,000 after purchasing an additional 7,416 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ Internet ETF by 3.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 237,285 shares of the company’s stock worth $12,801,000 after purchasing an additional 7,212 shares during the period. Raymond James Financial Inc. grew its position in Invesco NASDAQ Internet ETF by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 165,485 shares of the company’s stock worth $8,640,000 after purchasing an additional 1,305 shares during the period. Finally, PFG Advisors raised its stake in Invesco NASDAQ Internet ETF by 5.1% during the 3rd quarter. PFG Advisors now owns 98,280 shares of the company’s stock valued at $5,487,000 after buying an additional 4,807 shares during the last quarter.

Invesco NASDAQ Internet ETF Price Performance

NASDAQ PNQI traded down $1.20 during trading hours on Friday, hitting $42.90. The company’s stock had a trading volume of 26,361 shares, compared to its average volume of 107,208. Invesco NASDAQ Internet ETF has a 12 month low of $37.75 and a 12 month high of $57.22. The company’s 50 day simple moving average is $47.86 and its two-hundred day simple moving average is $52.31. The company has a market cap of $561.99 million, a P/E ratio of 30.49 and a beta of 1.21.

About Invesco NASDAQ Internet ETF

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.