Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 65.4% in October

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 8,100 shares, a decline of 65.4% from the October 15th total of 23,400 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.3% during the second quarter. Raymond James & Associates now owns 83,655 shares of the company’s stock worth $5,182,000 after acquiring an additional 1,101 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after purchasing an additional 35,882 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock valued at $3,614,000 after buying an additional 19,277 shares during the last quarter. SPC Financial Inc. boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the second quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after buying an additional 308 shares during the period. Finally, Silver Oak Securities Incorporated grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.7% during the third quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock worth $2,316,000 after buying an additional 13,761 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 2.1 %

NASDAQ:PTF traded down $1.52 during trading hours on Wednesday, hitting $71.37. The company’s stock had a trading volume of 21,697 shares, compared to its average volume of 24,492. The stock has a market capitalization of $513.86 million, a P/E ratio of 12.47 and a beta of 1.23. The stock has a fifty day moving average of $64.32 and a 200-day moving average of $61.51. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $45.47 and a 52-week high of $74.83.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.