Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Volume Increase – Here’s Why

Invesco Semiconductors ETF (NYSEARCA:PSI) saw unusually-high trading volume on Friday . Approximately 79,431 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 55,342 shares.The stock last traded at $63.50 and had previously closed at $62.23.

Invesco Semiconductors ETF Stock Performance

The business’s 50 day simple moving average is $58.46 and its 200-day simple moving average is $57.54. The company has a market cap of $901.78 million, a price-to-earnings ratio of 7.37 and a beta of 1.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Invesco Semiconductors ETF in the third quarter valued at approximately $383,000. FMR LLC boosted its holdings in Invesco Semiconductors ETF by 43.6% in the third quarter. FMR LLC now owns 2,906 shares of the company’s stock worth $167,000 after purchasing an additional 882 shares in the last quarter. Jane Street Group LLC acquired a new position in Invesco Semiconductors ETF during the third quarter worth $1,630,000. Newbridge Financial Services Group Inc. raised its holdings in Invesco Semiconductors ETF by 141.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,025 shares of the company’s stock valued at $64,000 after buying an additional 600 shares in the last quarter. Finally, Beck Capital Management LLC acquired a new stake in shares of Invesco Semiconductors ETF in the second quarter worth about $2,052,000.

Invesco Semiconductors ETF Company Profile

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.