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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 22,063 shares, a decrease of 47.3% from the June 30th total of 41,902 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 158,896 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at $57,000. Qube Research & Technologies Ltd raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after purchasing an additional 1,137 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after buying an additional 495 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after buying an additional 300 shares during the last quarter. Finally, Sankala Group LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at about $144,000.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 6.8%

Shares of PTF traded down $6.24 on Wednesday, reaching $84.96. 389,219 shares of the company’s stock traded hands, compared to its average volume of 91,710. The stock has a market cap of $515.71 million, a PE ratio of 32.05 and a beta of 1.65. The stock’s 50 day simple moving average is $121.11 and its two-hundred day simple moving average is $104.30. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $64.29 and a 52-week high of $139.65.

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.