Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Update

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 4,900 shares, a drop of 66.7% from the December 31st total of 14,700 shares. Based on an average daily trading volume, of 32,000 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of PRN stock traded up $1.14 on Tuesday, hitting $156.76. 69,821 shares of the stock traded hands, compared to its average volume of 58,825. The firm has a 50 day simple moving average of $164.56 and a two-hundred day simple moving average of $154.52. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $117.64 and a 52 week high of $180.08. The firm has a market cap of $390.33 million, a price-to-earnings ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.2497 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

A number of large investors have recently made changes to their positions in PRN. HighTower Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the third quarter worth approximately $19,248,000. Raymond James & Associates increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 698.9% during the third quarter. Raymond James & Associates now owns 25,228 shares of the company’s stock valued at $3,860,000 after buying an additional 22,070 shares during the period. Stifel Financial Corp bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the third quarter worth about $2,694,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 217.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,080 shares of the company’s stock worth $2,793,000 after purchasing an additional 12,380 shares in the last quarter. Finally, Nilsine Partners LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter worth $1,412,000.

About Invesco Dorsey Wright Industrials Momentum ETF

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.