Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 456.5% in March

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 98,500 shares, a growth of 456.5% from the February 28th total of 17,700 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 68,000 shares, the short-interest ratio is presently 1.4 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of NASDAQ PTF traded down $2.14 during trading on Friday, hitting $59.17. The company had a trading volume of 22,736 shares, compared to its average volume of 36,582. Invesco Dorsey Wright Technology Momentum ETF has a 12 month low of $50.05 and a 12 month high of $80.92. The firm has a market capitalization of $465.08 million, a P/E ratio of 38.14 and a beta of 1.23. The stock has a 50 day simple moving average of $67.68 and a 200 day simple moving average of $68.84.

Invesco Dorsey Wright Technology Momentum ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.1491 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Fulcrum Equity Management bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth $1,121,000. Ameriflex Group Inc. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth about $306,000. Cetera Investment Advisers grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 19,668 shares of the company’s stock worth $1,427,000 after purchasing an additional 1,039 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 30.8% during the 4th quarter. Ameriprise Financial Inc. now owns 120,737 shares of the company’s stock valued at $8,761,000 after purchasing an additional 28,451 shares during the period. Finally, Aptus Capital Advisors LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth approximately $109,000.

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.