Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 35,979 shares, a decline of 49.7% from the December 15th total of 71,565 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 28,457 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 28,457 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are sold short.

Invesco NASDAQ Internet ETF Trading Down 0.6%

NASDAQ PNQI traded down $0.31 during trading on Thursday, hitting $52.73. The company had a trading volume of 57,182 shares, compared to its average volume of 46,128. Invesco NASDAQ Internet ETF has a one year low of $37.75 and a one year high of $57.22. The company’s fifty day moving average is $53.91 and its 200-day moving average is $54.11. The company has a market cap of $761.42 million, a price-to-earnings ratio of 30.49 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Invesco NASDAQ Internet ETF during the second quarter valued at approximately $34,000. Huntington National Bank purchased a new position in Invesco NASDAQ Internet ETF during the third quarter valued at $56,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Invesco NASDAQ Internet ETF during the 3rd quarter valued at $61,000. Advisory Services Network LLC bought a new position in shares of Invesco NASDAQ Internet ETF in the 3rd quarter worth about $73,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Invesco NASDAQ Internet ETF during the 2nd quarter valued at about $78,000.

About Invesco NASDAQ Internet ETF

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.