Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 26,173 shares, a decrease of 90.0% from the September 15th total of 262,499 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 48,465 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On Invesco NASDAQ Internet ETF
Several large investors have recently made changes to their positions in PNQI. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco NASDAQ Internet ETF during the 2nd quarter worth $3,512,000. Cetera Investment Advisers increased its stake in Invesco NASDAQ Internet ETF by 11.9% in the 1st quarter. Cetera Investment Advisers now owns 40,165 shares of the company’s stock valued at $1,797,000 after buying an additional 4,262 shares during the period. Citadel Advisors LLC purchased a new stake in Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $1,130,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the 2nd quarter valued at $576,000. Finally, Fifth Third Bancorp acquired a new position in shares of Invesco NASDAQ Internet ETF in the first quarter worth $310,000.
Invesco NASDAQ Internet ETF Price Performance
Shares of Invesco NASDAQ Internet ETF stock opened at $52.58 on Friday. Invesco NASDAQ Internet ETF has a 1-year low of $42.80 and a 1-year high of $57.22. The business has a 50-day moving average of $51.54 and a 200-day moving average of $48.75. The company has a market capitalization of $551.04 million, a PE ratio of 30.49 and a beta of 1.25.
Invesco NASDAQ Internet ETF Company Profile
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.
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