Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Decline in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 21,691 shares, a decrease of 50.0% from the September 30th total of 43,386 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 80,503 shares, the short-interest ratio is currently 0.3 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Invesco Dorsey Wright Technology Momentum ETF stock traded down $5.71 during midday trading on Friday, reaching $99.62. 66,521 shares of the stock were exchanged, compared to its average volume of 94,165. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $66.48 and a 52 week high of $139.65. The company’s fifty day moving average is $104.24 and its 200-day moving average is $104.64. The firm has a market cap of $552.89 million, a PE ratio of 32.05 and a beta of 1.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PTF. Chicago Partners Investment Group LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the third quarter valued at $492,000. Signature Equity Partners LLC raised its position in Invesco Dorsey Wright Technology Momentum ETF by 13.5% in the 3rd quarter. Signature Equity Partners LLC now owns 13,208 shares of the company’s stock worth $1,438,000 after buying an additional 1,574 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at about $1,296,000. D.A. Davidson & CO. bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at approximately $255,000. Finally, Oakworth Capital Inc. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at approximately $27,000.

About Invesco Dorsey Wright Technology Momentum ETF

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.