Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 50,196 shares, a growth of 127.5% from the July 15th total of 22,063 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 225,921 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth about $57,000. Qube Research & Technologies Ltd raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after buying an additional 1,137 shares during the last quarter. Centaurus Financial Inc. increased its holdings in 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 valued at $141,000 after acquiring an additional 300 shares during the last quarter. Sankala Group LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth about $144,000. Finally, Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 495 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

NASDAQ:PTF opened at $113.73 on Friday. The firm has a market capitalization of $689.20 million, a price-to-earnings ratio of 32.05 and a beta of 1.68. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $64.29 and a one year high of $139.65. The business has a fifty day moving average price of $115.03 and a 200-day moving average price of $106.08.

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.