Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update
by Michael Walen · The Markets DailyInvesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 71,565 shares, a growth of 94.9% from the November 30th total of 36,720 shares. Based on an average trading volume of 25,771 shares, the short-interest ratio is currently 2.8 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 25,771 shares, the short-interest ratio is currently 2.8 days.
Invesco NASDAQ Internet ETF Price Performance
Shares of PNQI traded up $0.06 during midday trading on Friday, reaching $54.51. The stock had a trading volume of 36,840 shares, compared to its average volume of 60,471. The company has a market cap of $785.49 million, a price-to-earnings ratio of 30.49 and a beta of 1.21. The company’s fifty day simple moving average is $54.38 and its two-hundred day simple moving average is $53.77. Invesco NASDAQ Internet ETF has a 1-year low of $37.75 and a 1-year high of $57.22.
Institutional Trading of Invesco NASDAQ Internet ETF
Institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its position in shares of Invesco NASDAQ Internet ETF by 39.3% during the third quarter. Allworth Financial LP now owns 1,393 shares of the company’s stock worth $78,000 after acquiring an additional 393 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Invesco NASDAQ Internet ETF in the 3rd quarter valued at $73,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco NASDAQ Internet ETF by 36.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 8,568 shares of the company’s stock worth $478,000 after purchasing an additional 2,309 shares during the period. Mariner LLC grew its position in Invesco NASDAQ Internet ETF by 13.7% during the 3rd quarter. Mariner LLC now owns 23,676 shares of the company’s stock worth $1,322,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in Invesco NASDAQ Internet ETF by 78.8% in the third quarter. Lido Advisors LLC now owns 19,911 shares of the company’s stock valued at $1,112,000 after purchasing an additional 8,778 shares during the period.
About Invesco NASDAQ Internet ETF
The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.