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 July. As of July 15th, there was short interest totaling 3,648 shares, a drop of 31.7% from the June 30th total of 5,344 shares. Based on an average daily trading volume, of 43,998 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $43,000. Sankala Group LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter worth approximately $83,000. O Shaughnessy Asset Management LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter worth approximately $88,000. Geneos Wealth Management Inc. grew its position in 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 purchasing an additional 655 shares during the period. Finally, JPMorgan Chase & Co. grew its position in 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 purchasing an additional 95 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

NASDAQ PRN opened at $215.52 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a one year low of $156.00 and a one year high of $262.73. The stock has a 50-day moving average of $237.34 and a 200 day moving average of $219.28. The company has a market capitalization of $415.95 million, a price-to-earnings ratio of 28.33 and a beta of 1.27.

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.