Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Up 37.1% in December

by · The Cerbat Gem

Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 71,597 shares, an increase of 37.1% from the November 30th total of 52,204 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 83,597 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 83,597 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Semiconductors ETF

A number of institutional investors have recently added to or reduced their stakes in PSI. Harbor Asset Planning Inc. acquired a new position in shares of Invesco Semiconductors ETF in the 2nd quarter valued at about $39,000. Simplex Trading LLC raised its holdings in Invesco Semiconductors ETF by 818.3% in the second quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after buying an additional 671 shares during the period. Farther Finance Advisors LLC lifted its position in Invesco Semiconductors ETF by 458.3% during the second quarter. Farther Finance Advisors LLC now owns 1,005 shares of the company’s stock valued at $60,000 after buying an additional 825 shares in the last quarter. Allworth Financial LP acquired a new position in Invesco Semiconductors ETF during the third quarter valued at approximately $134,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Invesco Semiconductors ETF during the second quarter worth approximately $202,000.

Invesco Semiconductors ETF Price Performance

PSI stock traded down $0.02 during midday trading on Tuesday, hitting $80.24. The stock had a trading volume of 54,374 shares, compared to its average volume of 61,045. The company’s 50-day moving average price is $77.34 and its 200 day moving average price is $68.70. The firm has a market cap of $998.99 million, a PE ratio of 29.05 and a beta of 1.57. Invesco Semiconductors ETF has a 12-month low of $37.64 and a 12-month high of $84.52.

About Invesco Semiconductors ETF

(Get Free Report)

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. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.

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