Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 70,700 shares, a drop of 43.8% from the January 31st total of 125,800 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is presently 1.3 days.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 4.1 %

Shares of NASDAQ:PTF opened at $63.07 on Tuesday. The firm has a market cap of $495.73 million, a price-to-earnings ratio of 39.10 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. The company’s fifty day simple moving average is $71.90 and its 200 day simple moving average is $69.02.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors have recently added to or reduced their stakes in PTF. Raymond James Financial Inc. bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $21,749,000. Scarborough Advisors LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth about $5,022,000. MML Investors Services LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 49.1% during the 4th quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock worth $11,312,000 after buying an additional 51,361 shares in the last quarter. LPL Financial LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 8.7% during the 4th quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock worth $45,506,000 after buying an additional 50,452 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 30.8% during the 4th quarter. Ameriprise Financial Inc. now owns 120,737 shares of the company’s stock worth $8,761,000 after buying an additional 28,451 shares in the last quarter.

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.