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 target of a large increase in short interest in 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 presently 1.2 days.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 1.0 %

Shares of PTF traded down $0.75 during mid-day trading on Wednesday, hitting $75.38. The company’s stock had a trading volume of 44,362 shares, compared to its average volume of 25,385. The company’s 50-day moving average is $67.09 and its 200-day moving average is $62.73. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $46.69 and a 52-week high of $77.13. The firm has a market capitalization of $542.74 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.3% during the 2nd quarter. Raymond James & Associates now owns 83,655 shares of the company’s stock worth $5,182,000 after purchasing an additional 1,101 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after buying an additional 35,882 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock valued at $3,614,000 after buying an additional 19,277 shares in the last quarter. SPC Financial Inc. grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after buying an additional 308 shares during the last quarter. Finally, StoneX Group Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the 3rd quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock worth $2,149,000 after acquiring an additional 1,808 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.