Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 98.2% in December
by Scott Moore · The Cerbat GemInvesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 194 shares, a decrease of 98.2% from the November 30th total of 10,909 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,668 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 25,668 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.3%
PTF stock traded up $0.22 during midday trading on Wednesday, hitting $79.13. 12,630 shares of the company’s stock were exchanged, compared to its average volume of 52,191. The firm has a 50 day moving average price of $77.86 and a 200-day moving average price of $72.90. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $49.57 and a 12-month high of $84.05. The stock has a market capitalization of $401.98 million, a price-to-earnings ratio of 32.05 and a beta of 1.49.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PTF. SVB Wealth LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter worth approximately $57,000. Stratos Wealth Partners LTD. lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 1.4% during the second quarter. Stratos Wealth Partners LTD. now owns 10,741 shares of the company’s stock worth $734,000 after purchasing an additional 150 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the first quarter worth $987,000. Berger Financial Group Inc bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the second quarter valued at $201,000. Finally, Osaic Holdings Inc. increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 11.7% during the second quarter. Osaic Holdings Inc. now owns 69,872 shares of the company’s stock valued at $4,772,000 after purchasing an additional 7,328 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.