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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 13,100 shares, a drop of 18.1% from the August 15th total of 16,000 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTF. UBS Group AG raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 106.6% in the fourth quarter. UBS Group AG now owns 241,997 shares of the company’s stock worth $12,223,000 after purchasing an additional 124,845 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock worth $3,460,000 after buying an additional 35,882 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth about $1,847,000. Outlook Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter valued at about $1,294,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 49.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock worth $3,614,000 after acquiring an additional 19,277 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of NASDAQ:PTF opened at $61.32 on Monday. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $40.17 and a 1 year high of $65.85. The stock’s 50-day moving average is $60.46 and its 200 day moving average is $58.68. The company has a market cap of $432.31 million, a PE ratio of 12.47 and a beta of 1.23.

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.