Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Stock Short Interest Report for September

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 936 shares, a decrease of 54.8% from the September 15th total of 2,072 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,023 shares, the short-interest ratio is currently 0.1 days.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of NASDAQ:PFI traded down $1.20 during midday trading on Wednesday, reaching $56.19. The company’s stock had a trading volume of 1,412 shares, compared to its average volume of 7,934. The business’s fifty day simple moving average is $60.85 and its 200-day simple moving average is $59.80. Invesco Dorsey Wright Financial Momentum ETF has a fifty-two week low of $51.57 and a fifty-two week high of $64.46. The company has a market capitalization of $50.57 million, a P/E ratio of 18.63 and a beta of 1.02.

Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in PFI. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the second quarter worth about $46,000. IMC Chicago LLC lifted its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the first quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after purchasing an additional 5,195 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the first quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after purchasing an additional 294 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

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.