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

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,304 shares, a decline of 78.3% from the July 15th total of 24,473 shares. Based on an average daily volume of 10,101 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after acquiring an additional 294 shares during the period. IMC Chicago LLC increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% in the first 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 during the period. Cetera Investment Advisers increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after purchasing an additional 225 shares during the period. Advisory Services Network LLC increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 11.1% in the fourth quarter. Advisory Services Network LLC now owns 7,683 shares of the company’s stock valued at $444,000 after purchasing an additional 769 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 9.4% during the fourth quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock valued at $338,000 after buying an additional 503 shares during the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Trading Up 0.6%

PFI traded up $0.35 during trading on Thursday, reaching $63.58. 2,978 shares of the company were exchanged, compared to its average volume of 7,975. Invesco Dorsey Wright Financial Momentum ETF has a 52 week low of $51.57 and a 52 week high of $64.46. The firm has a 50 day moving average of $61.74 and a 200 day moving average of $58.30. The stock has a market cap of $60.40 million, a P/E ratio of 18.63 and a beta of 1.01.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

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.