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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 50,196 shares, an increase of 127.5% from the July 15th total of 22,063 shares. Based on an average daily volume of 225,921 shares, the short-interest ratio is presently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ:PTF opened at $113.73 on Friday. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $64.29 and a fifty-two week high of $139.65. The firm has a market capitalization of $689.20 million, a PE ratio of 32.05 and a beta of 1.68. The stock’s fifty day moving average is $115.03 and its 200 day moving average is $106.08.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the 1st quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after buying an additional 329,668 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after acquiring an additional 110,228 shares in the last quarter. IMC Chicago LLC lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock worth $1,614,000 after acquiring an additional 34,299 shares during the period. Private Advisor Group LLC lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after acquiring an additional 26,830 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth about $1,526,000.

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.