Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 337.0% in November

by · The Cerbat Gem

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 35,400 shares, an increase of 337.0% from the October 31st total of 8,100 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% in the 3rd quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock worth $8,392,000 after acquiring an additional 48,643 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock worth $3,460,000 after acquiring an additional 35,882 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth $1,847,000. Outlook Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth $1,294,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock worth $3,614,000 after acquiring an additional 19,277 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ PTF traded down $0.75 on Thursday, reaching $75.38. 44,362 shares of the stock traded hands, compared to its average volume of 25,385. The company has a fifty day moving average price of $67.39 and a 200-day moving average price of $62.82. The company has a market cap of $542.74 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 12 month low of $46.69 and a 12 month high of $77.13.

About Invesco Dorsey Wright Technology Momentum ETF

(Get Free Report)

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.

Further Reading