Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Down 47.5% in January

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 14,692 shares, a decline of 47.5% from the January 15th total of 27,980 shares. Based on an average daily trading volume, of 187,109 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 187,109 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PNQI. Ameritas Advisory Services LLC purchased a new position in Invesco NASDAQ Internet ETF in the 2nd quarter worth $34,000. Global Retirement Partners LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth about $40,000. Huntington National Bank acquired a new position in Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $56,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Invesco NASDAQ Internet ETF during the 3rd quarter valued at approximately $61,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF in the 3rd quarter valued at $73,000.

Invesco NASDAQ Internet ETF Price Performance

NASDAQ PNQI traded up $0.02 on Friday, hitting $45.94. The stock had a trading volume of 25,569 shares, compared to its average volume of 123,602. The business’s fifty day moving average price is $52.60 and its 200 day moving average price is $53.84. The stock has a market cap of $601.84 million, a price-to-earnings ratio of 30.49 and a beta of 1.21. Invesco NASDAQ Internet ETF has a 52-week low of $37.75 and a 52-week high of $57.22.

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.