Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 47.3% in July

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 22,063 shares, a decrease of 47.3% from the June 30th total of 41,902 shares. Based on an average daily trading volume, of 158,896 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 6.8%

NASDAQ PTF traded down $6.24 on Wednesday, reaching $84.96. The company had a trading volume of 389,219 shares, compared to its average volume of 91,710. The company’s fifty day moving average is $121.11 and its 200 day moving average is $104.30. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $64.29 and a 52-week high of $139.65. The stock has a market capitalization of $515.71 million, a P/E ratio of 32.05 and a beta of 1.65.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Cooper Financial Group lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 6.8% during the second quarter. Cooper Financial Group now owns 3,370 shares of the company’s stock valued at $459,000 after purchasing an additional 214 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 7.0% during the first quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock worth $317,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 3.5% in the 4th quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock worth $639,000 after purchasing an additional 284 shares in the last quarter. Centaurus Financial Inc. grew its position in 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 worth $141,000 after purchasing an additional 300 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 9.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock valued at $288,000 after buying an additional 322 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.