Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Update

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 31,800 shares, a decrease of 19.3% from the December 15th total of 39,400 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PTF. Jane Street Group LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 3rd quarter valued at about $259,000. Stifel Financial Corp raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.2% in the third quarter. Stifel Financial Corp now owns 63,388 shares of the company’s stock valued at $4,021,000 after buying an additional 4,791 shares during the last quarter. StoneX Group Inc. lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the third quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock valued at $2,149,000 after buying an additional 1,808 shares during the period. KKM Financial LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 4.1% during the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after acquiring an additional 228 shares during the last quarter. Finally, Theory Financial LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 22.3% during the third quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock worth $6,361,000 after acquiring an additional 18,063 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Invesco Dorsey Wright Technology Momentum ETF stock opened at $70.97 on Thursday. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $47.43 and a fifty-two week high of $80.92. The company has a market capitalization of $561.37 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The stock has a fifty day moving average of $74.19 and a two-hundred day moving average of $66.44.

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.