Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Update

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 949 shares, a decline of 66.9% from the August 15th total of 2,871 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,477 shares, the short-interest ratio is currently 0.2 days.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of NASDAQ:PFI traded down $0.47 during trading on Monday, reaching $61.34. 4,326 shares of the company were exchanged, compared to its average volume of 7,862. The business’s fifty day simple moving average is $62.52 and its 200-day simple moving average is $59.11. Invesco Dorsey Wright Financial Momentum ETF has a 12-month low of $51.57 and a 12-month high of $64.46. The firm has a market capitalization of $58.28 million, a PE ratio of 18.63 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after purchasing an additional 294 shares in the last quarter. IMC Chicago LLC increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the first quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock valued at $1,994,000 after buying an additional 5,195 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter valued at $1,030,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the second quarter valued at about $46,000.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.