Short Interest in Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Decreases By 35.7%

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 234 shares, a decline of 35.7% from the April 15th total of 364 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 948 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter worth $35,000. Geneos Wealth Management Inc. boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $102,000 after buying an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter worth $115,000. Jones Financial Companies Lllp boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 24.2% during the third quarter. Jones Financial Companies Lllp now owns 2,266 shares of the company’s stock worth $131,000 after buying an additional 441 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after purchasing an additional 225 shares during the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Trading Up 0.9%

NASDAQ PFI traded up $0.52 on Monday, reaching $58.47. 841 shares of the company were exchanged, compared to its average volume of 6,471. The business’s fifty day moving average price is $55.67 and its 200 day moving average price is $56.78. The stock has a market capitalization of $36.25 million, a P/E ratio of 18.63 and a beta of 1.03. Invesco Dorsey Wright Financial Momentum ETF has a fifty-two week low of $51.57 and a fifty-two week high of $60.12.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.