Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Shorted: Short Interest Down 56.3% in October

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 11,444 shares, a decline of 56.3% from the September 30th total of 26,173 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 19,030 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Invesco NASDAQ Internet ETF

A number of institutional investors have recently made changes to their positions in PNQI. Tsfg LLC acquired a new stake in Invesco NASDAQ Internet ETF in the 2nd quarter worth approximately $56,000. Allworth Financial LP raised its holdings in shares of Invesco NASDAQ Internet ETF by 14.8% in the second quarter. Allworth Financial LP now owns 1,668 shares of the company’s stock worth $76,000 after buying an additional 215 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Invesco NASDAQ Internet ETF during the second quarter worth $81,000. Gill Capital Partners LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF during the second quarter worth $98,000. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF during the third quarter valued at $203,000.

Invesco NASDAQ Internet ETF Stock Performance

PNQI traded down $0.76 during trading on Friday, hitting $49.31. The stock had a trading volume of 43,962 shares, compared to its average volume of 61,720. The company has a market capitalization of $516.28 million, a PE ratio of 30.49 and a beta of 1.25. Invesco NASDAQ Internet ETF has a twelve month low of $42.80 and a twelve month high of $56.47. The stock has a 50 day simple moving average of $51.65 and a two-hundred day simple moving average of $48.97.

Invesco NASDAQ Internet ETF Company Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.