Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Shares Shorted: Short Interest Down 54.8% in September

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 936 shares, a drop of 54.8% from the September 15th total of 2,072 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,023 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Dorsey Wright Financial Momentum ETF Trading Down 0.6%

Shares of PFI stock traded down $0.36 on Tuesday, hitting $57.47. The stock had a trading volume of 412 shares, compared to its average volume of 7,967. Invesco Dorsey Wright Financial Momentum ETF has a twelve month low of $51.57 and a twelve month high of $64.46. The firm has a market cap of $51.72 million, a P/E ratio of 18.63 and a beta of 1.02. The company has a fifty day moving average price of $60.98 and a two-hundred day moving average price of $59.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFI. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the second quarter worth about $46,000. Bank of America Corp DE lifted its holdings in shares of 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. Finally, IMC Chicago LLC lifted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the 1st quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock valued at $1,994,000 after purchasing an additional 5,195 shares in the last quarter.

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.