Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Up 301.2% in October

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 103,500 shares, a growth of 301.2% from the September 30th total of 25,800 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSI. LPL Financial LLC lifted its position in shares of Invesco Semiconductors ETF by 22.7% during the 1st quarter. LPL Financial LLC now owns 596,559 shares of the company’s stock worth $28,265,000 after purchasing an additional 110,556 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Invesco Semiconductors ETF by 33.2% during the 2nd quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after purchasing an additional 60,614 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Invesco Semiconductors ETF by 6.0% during the 2nd quarter. Cetera Investment Advisers now owns 207,094 shares of the company’s stock worth $12,417,000 after buying an additional 11,641 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco Semiconductors ETF by 5.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 153,650 shares of the company’s stock worth $7,280,000 after buying an additional 8,472 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Invesco Semiconductors ETF by 833.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock worth $9,129,000 after buying an additional 135,576 shares during the last quarter.

Invesco Semiconductors ETF Stock Performance

Shares of PSI opened at $77.42 on Friday. The stock has a 50-day simple moving average of $69.73 and a 200-day simple moving average of $60.31. The stock has a market capitalization of $946.85 million, a PE ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a 1 year low of $37.64 and a 1 year high of $79.67.

Invesco Semiconductors ETF Company Profile

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.