Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Get Rating) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 14,300 shares, a growth of 308.6% from the May 15th total of 3,500 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 1.0 days.
Shares of NASDAQ PTF opened at $116.40 on Friday. The stock’s 50 day moving average price is $121.39 and its two-hundred day moving average price is $138.38. Invesco DWA Technology Momentum ETF has a 52-week low of $107.92 and a 52-week high of $186.47.
Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Invesco DWA Technology Momentum ETF during the 4th quarter worth approximately $53,000. Simplex Trading LLC raised its position in shares of Invesco DWA Technology Momentum ETF by 442.8% during the 1st quarter. Simplex Trading LLC now owns 749 shares of the company’s stock worth $103,000 after purchasing an additional 611 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Invesco DWA Technology Momentum ETF during the 4th quarter worth approximately $110,000. Kovack Advisors Inc. acquired a new stake in Invesco DWA Technology Momentum ETF in the 4th quarter valued at approximately $205,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Invesco DWA Technology Momentum ETF by 9.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,237 shares of the company’s stock valued at $206,000 after acquiring an additional 108 shares during the period.
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
Invesco DWA Technology Momentum ETF Company Profile (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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Invesco DWA Technology Momentum ETF right now?
Before you consider Invesco DWA Technology Momentum ETF, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Invesco DWA Technology Momentum ETF wasn’t on the list.
While Invesco DWA Technology Momentum ETF currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
