Invesco Semiconductors ETF (NYSEARCA:PSI) Shares Shorted: Short Interest Up 193.7% in September

Invesco Semiconductors ETF (NYSEARCA:PSI) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 519,834 shares, an increase of 193.7% from the September 15th total of 177,002 shares. Based on an average daily trading volume, of 238,442 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.7% of the company’s stock are sold short.

Invesco Semiconductors ETF Stock Performance

NYSEARCA PSI traded down $0.97 on Tuesday, reaching $141.96. The company had a trading volume of 288,541 shares, compared to its average volume of 341,394. The company’s fifty day moving average is $143.13 and its 200-day moving average is $142.80. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 29.05 and a beta of 1.80. Invesco Semiconductors ETF has a 1-year low of $66.93 and a 1-year high of $189.24.

Hedge Funds Weigh In On Invesco Semiconductors ETF

Large investors have recently modified their holdings of the business. Polaris Financial Partners purchased a new position in shares of Invesco Semiconductors ETF in the 3rd quarter worth approximately $1,302,000. MBA Advisors LLC purchased a new position in shares of Invesco Semiconductors ETF in the 2nd quarter worth $1,191,000. Concurrent Investment Advisors LLC bought a new position in Invesco Semiconductors ETF in the second quarter worth approximately $3,081,000. Rodgers & Associates LTD bought a new stake in Invesco Semiconductors ETF during the 2nd quarter worth approximately $43,092,000. Finally, Members Advisory Group LLC boosted its stake in Invesco Semiconductors ETF by 293.4% during the second quarter. Members Advisory Group LLC now owns 67,134 shares of the company’s stock worth $12,609,000 after buying an additional 50,067 shares during the period.

About Invesco Semiconductors ETF

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.