Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 456.5% in March

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 98,500 shares, a growth of 456.5% from the February 28th total of 17,700 shares. Based on an average daily trading volume, of 68,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the company’s shares are sold short.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

NASDAQ:PTF traded down $2.27 during mid-day trading on Wednesday, reaching $62.74. 28,392 shares of the company’s stock traded hands, compared to its average volume of 36,579. The company has a 50 day moving average price of $67.88 and a 200-day moving average price of $68.89. The firm has a market capitalization of $493.14 million, a price-to-earnings ratio of 35.33 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $50.05 and a 12-month high of $80.92.

Invesco Dorsey Wright Technology Momentum ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.1491 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulcrum Equity Management bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $1,121,000. Ameriflex Group Inc. bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at about $306,000. Cetera Investment Advisers raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 19,668 shares of the company’s stock valued at $1,427,000 after purchasing an additional 1,039 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 30.8% in the fourth quarter. Ameriprise Financial Inc. now owns 120,737 shares of the company’s stock worth $8,761,000 after purchasing an additional 28,451 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at $109,000.

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.