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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,900 shares, a drop of 70.5% from the January 31st total of 13,200 shares. Based on an average daily volume of 54,400 shares, the short-interest ratio is currently 0.1 days.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 0.7 %

Shares of PRN opened at $145.86 on Friday. The stock’s 50-day moving average price is $157.07 and its 200 day moving average price is $156.93. The firm has a market capitalization of $374.86 million, a price-to-earnings ratio of 29.49 and a beta of 1.15. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $126.68 and a 12-month high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates grew its stake in shares of 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 worth $3,860,000 after purchasing an additional 22,070 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth about $868,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $375,000. Prospera Financial Services Inc acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at approximately $329,000. Finally, StoneX Group Inc. boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 4.5% during the 3rd quarter. StoneX Group Inc. now owns 14,647 shares of the company’s stock worth $2,241,000 after acquiring an additional 636 shares during the last quarter.

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.