Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 19.3% in December

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 31,800 shares, a decrease of 19.3% from the December 15th total of 39,400 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 0.3 %

NASDAQ:PTF traded up $0.23 during mid-day trading on Friday, hitting $71.23. 1,995 shares of the stock traded hands, compared to its average volume of 82,150. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $47.43 and a 12-month high of $80.92. The company has a market cap of $563.39 million, a PE ratio of 12.47 and a beta of 1.23. The business’s 50-day moving average price is $74.17 and its 200 day moving average price is $66.47.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. KKM Financial LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 4.1% during the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock valued at $370,000 after buying an additional 228 shares during the period. SPC Financial Inc. raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock valued at $1,014,000 after acquiring an additional 308 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock valued at $943,000 after acquiring an additional 766 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Outlook Wealth Advisors LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% in the third quarter. Outlook Wealth Advisors LLC now owns 22,061 shares of the company’s stock worth $1,399,000 after purchasing an additional 1,168 shares during the last quarter.

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.