Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Update

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,871 shares, a decrease of 45.9% from the July 30th total of 5,304 shares. Based on an average trading volume of 2,773 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

NASDAQ PFI traded down $0.37 during mid-day trading on Friday, hitting $62.62. The stock had a trading volume of 1,378 shares, compared to its average volume of 7,613. The firm’s 50 day moving average is $62.37 and its 200 day moving average is $58.66. The stock has a market capitalization of $59.49 million, a price-to-earnings ratio of 18.63 and a beta of 1.01. Invesco Dorsey Wright Financial Momentum ETF has a twelve month low of $51.57 and a twelve month high of $64.46.

Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Invesco Dorsey Wright Financial Momentum ETF by 677.4% during the first quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock worth $140,000 after acquiring an additional 2,276 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $102,000 after acquiring an additional 1,200 shares during the period. Advisory Services Network LLC lifted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 30.7% in the second quarter. Advisory Services Network LLC now owns 7,155 shares of the company’s stock valued at $400,000 after acquiring an additional 1,681 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the 3rd quarter worth $1,145,000. Finally, Citadel Advisors LLC grew its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 47.8% during the 3rd quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock worth $432,000 after purchasing an additional 2,408 shares during the period.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.