Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Decline in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 70,700 shares, a decline of 43.8% from the January 31st total of 125,800 shares. Based on an average trading volume of 55,600 shares, the short-interest ratio is presently 1.3 days.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 2.6 %

Shares of PTF traded up $1.66 during trading hours on Friday, hitting $65.74. The company had a trading volume of 69,600 shares, compared to its average volume of 32,024. The company’s fifty day moving average price is $71.90 and its two-hundred day moving average price is $68.87. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $50.05 and a one year high of $80.92. The company has a market capitalization of $516.72 million, a PE ratio of 39.10 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PTF. LPL Financial LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.7% in the fourth quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock valued at $45,506,000 after purchasing an additional 50,452 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $21,749,000. Transamerica Financial Advisors Inc. increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 248,394 shares of the company’s stock valued at $18,024,000 after purchasing an additional 9,625 shares during the period. MML Investors Services LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.1% in the fourth quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock valued at $11,312,000 after purchasing an additional 51,361 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 132,604 shares of the company’s stock valued at $9,622,000 after purchasing an additional 4,832 shares during the period.

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.