Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 157.9% in June

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 4,900 shares, a growth of 157.9% from the June 15th total of 1,900 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF traded up $0.96 during midday trading on Friday, hitting $64.32. The stock had a trading volume of 13,530 shares, compared to its average volume of 23,286. The company has a market cap of $452.81 million, a P/E ratio of 12.47 and a beta of 1.23. The business has a fifty day moving average of $60.08 and a 200 day moving average of $55.79. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $40.17 and a 1 year high of $65.09.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Theory Financial LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 2.2% in the fourth quarter. Theory Financial LLC now owns 80,348 shares of the company’s stock valued at $4,058,000 after purchasing an additional 1,701 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the third quarter. EP Wealth Advisors LLC now owns 21,048 shares of the company’s stock valued at $930,000 after purchasing an additional 10,903 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at approximately $218,000. SVB Wealth LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at approximately $209,000. Finally, Cooper Financial Group lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 17.6% in the fourth quarter. Cooper Financial Group now owns 7,015 shares of the company’s stock valued at $354,000 after purchasing an additional 1,050 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.