Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Up 337.0% in November

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 35,400 shares, an increase of 337.0% from the October 31st total of 8,100 shares. Based on an average daily volume of 28,900 shares, the days-to-cover ratio is currently 1.2 days.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Technology Momentum ETF stock traded down $0.75 on Thursday, reaching $75.38. The company had a trading volume of 44,362 shares, compared to its average volume of 25,385. The firm has a market cap of $542.74 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The firm’s 50-day moving average price is $67.39 and its two-hundred day moving average price is $62.82. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $46.69 and a 1 year high of $77.13.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of PTF. Raymond James & Associates boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% in the 3rd quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock worth $8,392,000 after purchasing an additional 48,643 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 35,882 shares during the period. Valley Wealth Managers Inc. purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter valued at $1,847,000. Outlook Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter valued at $1,294,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock valued at $3,614,000 after acquiring an additional 19,277 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.