Invesco NASDAQ Internet ETF (PNQI) Short Interest Ratio & Short Volume

Short interest is the volume of Invesco NASDAQ Internet ETF shares that have been sold short but have not yet been closed out or covered. As of August 15th, traders have sold 741,600 shares of PNQI short. Learn More on Invesco NASDAQ Internet ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PNQI shares currently have a short interest ratio of 12.0. Learn More on Invesco NASDAQ Internet ETF's short interest ratio.

Invesco NASDAQ Internet ETF saw a increase in short interest in August. As of August 15th, there was short interest totaling 741,600 shares, an increase of 2.2% from the previous total of 725,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Invesco NASDAQ Internet ETF: Global X Cybersecurity ETF (1.15%), iShares ESG Advanced MSCI EAFE ETF (0.09%), Global X Conscious Companies ETF (0.06%), The Magnificent Seven ETF (2.43%), First Trust NASDAQ Clean Edge Green Energy Index Fund (0.43%), Invesco NASDAQ Next Gen 100 ETF (0.14%), Global X S&P 500 Catholic Values ETF (0.06%), Wahed FTSE USA Shariah ETF (0.37%), iShares ESG MSCI USA Leaders ETF (0.22%), First Trust Nasdaq Artificial Intelligence and Robotics ETF (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling PNQI is an investing strategy that aims to generate trading profit from Invesco NASDAQ Internet ETF as its price is falling. PNQI shares are trading down $0.96 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Invesco NASDAQ Internet ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PNQI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PNQI, twice per month. The most recent reporting period available is August, 15 2024.