Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,700 shares, a growth of 59.8% from the November 30th total of 9,200 shares. Based on an average daily trading volume, of 25,700 shares, the short-interest ratio is presently 0.6 days.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 1.7 %

PRN opened at $155.84 on Monday. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $113.13 and a 52 week high of $180.08. The business has a 50 day moving average price of $166.43 and a two-hundred day moving average price of $150.91. The company has a market cap of $345.96 million, a PE ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2497 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter worth $31,000. International Assets Investment Management LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at approximately $33,000. FMR LLC increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 17.1% during the 3rd quarter. FMR LLC now owns 404 shares of the company’s stock worth $62,000 after purchasing an additional 59 shares during the period. MGB Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.9% during the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after buying an additional 100 shares in the last quarter. Finally, Private Advisory Group LLC acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at approximately $219,000.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Industrials Sector Intellidex Index (the Index). The Index consists of stocks of 60 United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.