Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Decreases By 41.5%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 39,400 shares, a drop of 41.5% from the November 30th total of 67,300 shares. Based on an average daily volume of 37,300 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of PTF opened at $76.28 on Friday. The stock has a 50-day moving average of $72.29 and a 200-day moving average of $65.26. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $47.06 and a one year high of $80.92. The company has a market cap of $549.22 million, a PE ratio of 12.47 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of PTF. Jane Street Group LLC acquired a new position in Invesco Dorsey Wright Technology Momentum ETF during the third quarter worth $259,000. Centaurus Financial Inc. increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after acquiring an additional 1,100 shares in the last quarter. KKM Financial LLC raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the 3rd quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after acquiring an additional 228 shares during the last quarter. Private Advisor Group LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 5.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock valued at $943,000 after purchasing an additional 766 shares during the last quarter. Finally, SPC Financial Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the second quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after purchasing an additional 308 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.