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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 16,491 shares, an increase of 52.4% from the July 30th total of 10,819 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 54,663 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Institutional investors have recently added to or reduced their stakes in the company. Sankala Group LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at $83,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter worth about $88,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth about $249,000. Geneos Wealth Management Inc. increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after acquiring an additional 655 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after acquiring an additional 95 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 1.2%

Shares of PRN stock traded down $2.45 during midday trading on Tuesday, reaching $195.25. 14,565 shares of the stock were exchanged, compared to its average volume of 32,258. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $156.00 and a 1 year high of $262.73. The firm has a market cap of $376.83 million, a PE ratio of 28.33 and a beta of 1.29. The company’s 50 day moving average is $224.78 and its two-hundred day moving average is $222.27.

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.