Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Drop in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 70,700 shares, a decline of 43.8% from the January 31st total of 125,800 shares. Based on an average daily trading volume, of 55,600 shares, the days-to-cover ratio is currently 1.3 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ PTF traded down $2.67 on Monday, reaching $63.07. The company had a trading volume of 70,546 shares, compared to its average volume of 32,178. The company’s fifty day moving average is $71.90 and its 200-day moving average is $69.02. The firm has a market capitalization of $495.73 million, a price-to-earnings ratio of 39.10 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 1-year low of $50.05 and a 1-year high of $80.92.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $21,749,000. Scarborough Advisors LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $5,022,000. MML Investors Services LLC grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.1% in the 4th quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock valued at $11,312,000 after buying an additional 51,361 shares in the last quarter. LPL Financial LLC increased its position in Invesco Dorsey Wright Technology Momentum ETF by 8.7% during the 4th quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock worth $45,506,000 after buying an additional 50,452 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Invesco Dorsey Wright Technology Momentum ETF by 30.8% during the 4th quarter. Ameriprise Financial Inc. now owns 120,737 shares of the company’s stock worth $8,761,000 after buying an additional 28,451 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.