Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Get Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 10,100 shares, an increase of 71.2% from the March 15th total of 5,900 shares. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is currently 0.4 days.
NASDAQ:PTF traded down $2.76 on Friday, reaching $124.85. 7,899 shares of the company’s stock traded hands, compared to its average volume of 22,964. The stock has a 50-day simple moving average of $134.29 and a 200-day simple moving average of $151.47. Invesco DWA Technology Momentum ETF has a 12 month low of $119.43 and a 12 month high of $186.47.
Several hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco DWA Technology Momentum ETF by 497.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 66,529 shares of the company’s stock worth $11,054,000 after purchasing an additional 55,399 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco DWA Technology Momentum ETF by 39.8% in the fourth quarter. LPL Financial LLC now owns 64,269 shares of the company’s stock worth $10,678,000 after purchasing an additional 18,298 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Invesco DWA Technology Momentum ETF by 368.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,775 shares of the company’s stock worth $7,772,000 after purchasing an additional 36,796 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco DWA Technology Momentum ETF by 30.7% in the fourth quarter. Wells Fargo & Company MN now owns 43,060 shares of the company’s stock worth $7,154,000 after purchasing an additional 10,125 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Invesco DWA Technology Momentum ETF by 496.6% in the fourth quarter. Private Advisor Group LLC now owns 27,121 shares of the company’s stock worth $4,506,000 after purchasing an additional 22,575 shares during the last quarter.
About Invesco DWA Technology Momentum ETF (Get Rating)
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.
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