The Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Rated ) was the target of a sharp reduction in short interest in December. As of December 15, short interest totaled 3,200 shares, a decrease of 77.9% from 14,500 shares on November 30. Based on an average daily volume of 10,400 shares, the short interest rate is currently 0.3 days.
Institutional inflows and outflows
Institutional investors and hedge funds have recently bought and sold the company’s shares. Northwestern Mutual Wealth Management increased its stake in the Invesco DWA Technology Momentum ETF in the second quarter by 2,028.6%. Northwestern Mutual Wealth Management now owns 39,954 shares of the company worth $4,333,000 after purchasing an additional 38,077 shares last quarter. 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 acquiring an additional 34,846 shares during that period. MML Investors Services LLC increased its holdings in the Invesco DWA Technology Momentum ETF by 138.7% in the third quarter. MML Investors Services LLC now owns 42,315 shares of the company worth $4,498,000 after acquiring an additional 24,590 shares last quarter. CX Institutional purchased $2,158,000 worth of new positions in the Invesco DWA Technology Momentum ETF during the third quarter. Finally, Atria Wealth Solutions Inc. purchased $2,062,000 worth of new positions in the Invesco DWA Technology Momentum ETF during the first quarter.
Invesco DWA Technology Momentum ETF Share Performance
Nasdaq PTF shares were down $1.92 at midday Wednesday, touching $110.38. The company’s shares saw volume of 8,357 shares compared with an average volume of 14,201 shares. The stock has a 50-day moving average of $116.82 and a 200-day moving average of $116.89. The Invesco DWA Technology Momentum ETF had a one-year low of $98.88 and a one-year high of $169.44.
Invesco DWA Technology Momentum ETF Company Profile
The PowerShares Dynamic Technology Sector Portfolio (Fund) seeks investment results that generally correspond to the price and yield of the Dynamic Technology Sector Intellidex Index (Index). The index is made up of stocks of U.S. technology companies. These companies are primarily engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communications technology.
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