Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Update

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 31,800 shares, a decline of 19.3% from the December 15th total of 39,400 shares. Based on an average trading volume of 45,100 shares, the days-to-cover ratio is presently 0.7 days.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of NASDAQ PTF traded down $0.23 during mid-day trading on Friday, hitting $70.77. 97,544 shares of the company’s stock traded hands, compared to its average volume of 83,549. The company has a market capitalization of $559.79 million, a P/E ratio of 12.47 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $48.54 and a 1 year high of $80.92. The company’s 50-day moving average is $74.10 and its two-hundred day moving average is $66.53.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% in the third quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock valued at $8,392,000 after purchasing an additional 48,643 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after purchasing an additional 35,882 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.6% in the 3rd quarter. Valley Wealth Managers Inc. now owns 47,887 shares of the company’s stock worth $3,037,000 after buying an additional 18,074 shares during the period. Theory Financial LLC grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.3% during the 3rd quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock worth $6,361,000 after buying an additional 18,063 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.7% during the third quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock valued at $2,316,000 after buying an additional 13,761 shares during the period.

About Invesco Dorsey Wright Technology Momentum ETF

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.