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

Invesco NASDAQ Internet ETF (NASDAQ:PNQI) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 106,800 shares, a decline of 81.9% from the March 15th total of 588,500 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 118,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hemington Wealth Management increased its position in shares of Invesco NASDAQ Internet ETF by 47.3% during the fourth quarter. Hemington Wealth Management now owns 866 shares of the company’s stock worth $40,000 after acquiring an additional 278 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Invesco NASDAQ Internet ETF in the fourth quarter worth approximately $40,000. Harbour Investments Inc. lifted its holdings in shares of Invesco NASDAQ Internet ETF by 8.6% in the fourth quarter. Harbour Investments Inc. now owns 2,595 shares of the company’s stock valued at $121,000 after purchasing an additional 205 shares in the last quarter. WMG Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ Internet ETF during the fourth quarter valued at approximately $201,000. Finally, TruWealth Advisors LLC bought a new stake in Invesco NASDAQ Internet ETF during the fourth quarter worth $202,000.

Invesco NASDAQ Internet ETF Trading Up 0.1 %

Shares of PNQI traded up $0.03 during trading hours on Tuesday, reaching $42.38. The stock had a trading volume of 18,874 shares, compared to its average volume of 74,860. The firm has a 50-day simple moving average of $46.13 and a 200 day simple moving average of $46.37. Invesco NASDAQ Internet ETF has a 12 month low of $36.00 and a 12 month high of $51.32. The company has a market capitalization of $742.09 million, a price-to-earnings ratio of 26.65 and a beta of 1.26.

Invesco NASDAQ Internet ETF Company Profile

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.