Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Short Interest Update

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 583,600 shares, a drop of 16.3% from the February 13th total of 697,400 shares. Based on an average daily volume of 97,500 shares, the short-interest ratio is presently 6.0 days. Approximately 3.3% of the shares of the stock are short sold.

Invesco NASDAQ Internet ETF Trading Down 2.3 %

Shares of PNQI traded down $1.04 during mid-day trading on Tuesday, reaching $44.58. 13,885 shares of the stock traded hands, compared to its average volume of 70,245. The company has a market cap of $793.15 million, a price-to-earnings ratio of 29.10 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 1 year low of $36.00 and a 1 year high of $51.32. The firm has a fifty day moving average price of $48.19 and a 200 day moving average price of $46.10.

Institutional Investors Weigh In On Invesco NASDAQ Internet ETF

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of Invesco NASDAQ Internet ETF by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 19,211 shares of the company’s stock valued at $897,000 after acquiring an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Invesco NASDAQ Internet ETF by 29.2% during the third quarter. JPMorgan Chase & Co. now owns 7,430 shares of the company’s stock valued at $323,000 after purchasing an additional 1,680 shares during the last quarter. FMR LLC lifted its position in Invesco NASDAQ Internet ETF by 53.1% during the third quarter. FMR LLC now owns 20,909 shares of the company’s stock valued at $908,000 after purchasing an additional 7,251 shares during the last quarter. Bank of Montreal Can purchased a new position in Invesco NASDAQ Internet ETF in the 3rd quarter worth approximately $5,401,000. Finally, HighTower Advisors LLC increased its holdings in shares of Invesco NASDAQ Internet ETF by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 576,258 shares of the company’s stock worth $25,050,000 after buying an additional 4,833 shares during the last quarter.

About Invesco NASDAQ Internet ETF

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.