Invesco DWA Technology Momentum ETF (NASDAQ:PTF) Significant Increase in Short Selling

The Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Get Rating) was the target of a significant rise in short interest in July. As of July 31, there were a total of 900 shares shorted, a 125.0% increase from the July 15 total of 400 shares. Based on an average daily trading volume of 12,300 shares, the days coverage ratio is currently 0.1 days.

Invesco DWA Technology Momentum ETF Price Performance

PTF shares climbed $3.81 in Friday trading to reach $135.10. The company’s average trading volume was his 8,444 shares, compared to his 17,035 shares. The company has a 50-day moving average price of $117.29 and a 200-day moving average price of $124.80. The Invesco DWA Technology Momentum ETF is at his 52-week low of $103.80 and its 52-week high of $186.47.

Hedge Fund Considers Invesco DWA Technology Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares in this business. LPL Financial LLC increased its stake in the Invesco DWA Technology Momentum ETF by 100.5% in the second quarter. LPL Financial LLC now owns 69,509 shares of the company worth $7,538,000 after he purchased an additional 34,846 shares last quarter. Raymond James Financial Services Advisors Inc. has increased its Invesco DWA Technology Momentum ETF shares by 497.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. has 66,529 shares worth $11,054,000 after he purchased an additional 55,399 shares last quarter. Northwestern Mutual Wealth Management Co. increased its shares in the Invesco DWA Technology Momentum ETF by 2,028.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 39,954 shares worth $4,333,000 after purchasing an additional 38,077 shares in the previous quarter. IMC Chicago LLC increased its stake in the Invesco DWA Technology Momentum ETF by 173.5% in the first quarter. IMC Chicago LLC now owns 32,374 shares worth $4,471,000 after purchasing an additional 20,539 shares in the previous quarter. Finally, Private Advisor Group LLC increased shares of the Invesco DWA Technology Momentum ETF by 496.6% in the fourth quarter. Private Advisor Group LLC owns 27,121 shares worth $4,506,000 after purchasing an additional 22,575 shares in the previous quarter.

About the Invesco DWA Technology Momentum ETF

(get rating)

The PowerShares Dynamic Technology Sector Portfolio (Fund) seeks investment results that broadly correspond to the price and yield of the Dynamic Technology Sector Intellidex Index (Index). The index is composed of stocks of US technology companies. These are companies mainly engaged in the business of providing technology-related products and services, such as computer hardware and software, Internet, electronics and semiconductors, and communication technology.

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