Short Interest in Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Declines By 51.3%

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 46,644 shares, a decrease of 51.3% from the March 15th total of 95,743 shares. Based on an average daily volume of 44,785 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in shares of Invesco NASDAQ Internet ETF by 72.2% in the fourth quarter. NewEdge Advisors LLC now owns 10,194 shares of the company’s stock valued at $550,000 after acquiring an additional 4,274 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco NASDAQ Internet ETF by 20.6% in the fourth quarter. Cetera Investment Advisers now owns 35,903 shares of the company’s stock valued at $1,937,000 after acquiring an additional 6,143 shares in the last quarter. Kovack Advisors Inc. lifted its stake in Invesco NASDAQ Internet ETF by 3.5% during the fourth quarter. Kovack Advisors Inc. now owns 13,806 shares of the company’s stock valued at $745,000 after purchasing an additional 462 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $444,000. Finally, &PARTNERS lifted its stake in Invesco NASDAQ Internet ETF by 7.8% during the fourth quarter. &PARTNERS now owns 7,209 shares of the company’s stock valued at $389,000 after purchasing an additional 523 shares during the last quarter.

Invesco NASDAQ Internet ETF Price Performance

Shares of Invesco NASDAQ Internet ETF stock traded up $0.92 on Tuesday, hitting $47.36. The company had a trading volume of 80,650 shares, compared to its average volume of 99,392. The business has a 50-day simple moving average of $46.32 and a 200-day simple moving average of $51.37. The company has a market cap of $558.37 million, a PE ratio of 30.49 and a beta of 1.28. Invesco NASDAQ Internet ETF has a 52 week low of $40.33 and a 52 week high of $57.22.

About Invesco NASDAQ Internet ETF

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.