Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Rises By 37.1%

Invesco Semiconductors ETF (NYSEARCA:PSI) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 71,597 shares, an increase of 37.1% from the November 30th total of 52,204 shares. Based on an average daily volume of 83,597 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 83,597 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Invesco Semiconductors ETF

Several institutional investors and hedge funds have recently made changes to their positions in PSI. Captrust Financial Advisors increased its position in Invesco Semiconductors ETF by 33.2% during the second quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after buying an additional 60,614 shares during the period. Bank of America Corp DE grew its position in shares of Invesco Semiconductors ETF by 21.8% during the third quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after acquiring an additional 41,215 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco Semiconductors ETF by 6.0% in the 2nd quarter. Cetera Investment Advisers now owns 207,094 shares of the company’s stock valued at $12,417,000 after acquiring an additional 11,641 shares during the period. Warner Group LLC acquired a new position in shares of Invesco Semiconductors ETF in the 3rd quarter valued at $13,566,000. Finally, HighTower Advisors LLC raised its position in Invesco Semiconductors ETF by 1.0% in the 3rd quarter. HighTower Advisors LLC now owns 177,802 shares of the company’s stock valued at $12,504,000 after purchasing an additional 1,691 shares during the last quarter.

Invesco Semiconductors ETF Trading Down 0.0%

Shares of NYSEARCA PSI traded down $0.02 during mid-day trading on Tuesday, reaching $80.24. The company had a trading volume of 54,374 shares, compared to its average volume of 61,045. The firm has a 50 day simple moving average of $77.34 and a two-hundred day simple moving average of $68.70. Invesco Semiconductors ETF has a 52-week low of $37.64 and a 52-week high of $84.52. The stock has a market cap of $998.99 million, a P/E ratio of 29.05 and a beta of 1.57.

About Invesco Semiconductors ETF

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.