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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 106,800 shares, a drop of 81.9% from the March 15th total of 588,500 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 118,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PNQI. FMR LLC raised its stake in Invesco NASDAQ Internet ETF by 53.1% in the 3rd quarter. FMR LLC now owns 20,909 shares of the company’s stock worth $908,000 after purchasing an additional 7,251 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco NASDAQ Internet ETF by 29.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,430 shares of the company’s stock worth $323,000 after acquiring an additional 1,680 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Invesco NASDAQ Internet ETF in the fourth quarter worth $774,000. SeaCrest Wealth Management LLC increased its holdings in shares of Invesco NASDAQ Internet ETF by 8.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 22,918 shares of the company’s stock valued at $1,070,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Grant GrossMendelsohn LLC bought a new position in shares of Invesco NASDAQ Internet ETF in the fourth quarter valued at approximately $3,151,000.

Invesco NASDAQ Internet ETF Stock Performance

NASDAQ:PNQI traded down $1.02 during mid-day trading on Wednesday, hitting $41.36. The company had a trading volume of 21,233 shares, compared to its average volume of 74,711. Invesco NASDAQ Internet ETF has a fifty-two week low of $36.00 and a fifty-two week high of $51.32. The firm has a market cap of $724.21 million, a P/E ratio of 26.65 and a beta of 1.26. The business’s fifty day moving average is $45.98 and its two-hundred day moving average is $46.34.

Invesco NASDAQ Internet ETF Company Profile

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.