Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Decreases By 34.9%

by · The Markets Daily

Invesco Semiconductors ETF (NYSEARCA:PSI – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 202,536 shares, a decline of 34.9% from the July 30th total of 311,194 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 491,684 shares, the short-interest ratio is currently 0.4 days.

Invesco Semiconductors ETF Trading Up 0.5%

Shares of PSI traded up $0.61 during mid-day trading on Wednesday, reaching $128.54. 65,628 shares of the stock traded hands, compared to its average volume of 335,533. Invesco Semiconductors ETF has a 1 year low of $61.01 and a 1 year high of $189.24. The firm has a fifty day moving average price of $148.67 and a 200 day moving average price of $133.31. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 29.05 and a beta of 1.79.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after purchasing an additional 365,438 shares during the last quarter. Rodgers & Associates LTD purchased a new stake in shares of Invesco Semiconductors ETF during the second quarter worth about $43,092,000. JNBA Financial Advisors bought a new stake in shares of Invesco Semiconductors ETF in the 2nd quarter worth approximately $39,620,000. Ameriprise Financial Inc. boosted its holdings in Invesco Semiconductors ETF by 833.9% in the second quarter. Ameriprise Financial Inc. now owns 151,834 shares of the company’s stock valued at $9,129,000 after acquiring an additional 135,576 shares in the last quarter. Finally, Trek Financial LLC purchased a new position in shares of Invesco Semiconductors ETF during the fourth quarter valued at about $5,457,000.

Invesco Semiconductors ETF Company Profile

(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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