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

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

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 1.7 %

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $155.84 on Monday. The company has a 50-day moving average of $166.43 and a two-hundred day moving average of $150.91. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $113.13 and a 12-month high of $180.08. The stock 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 Announces Dividend

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

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PRN. FMR LLC raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 17.1% during the third quarter. FMR LLC now owns 404 shares of the company’s stock worth $62,000 after acquiring an additional 59 shares during the last quarter. SPC Financial Inc. increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 7,641 shares of the company’s stock worth $1,019,000 after purchasing an additional 95 shares in the last quarter. Larson Financial Group LLC lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 5.1% in the 3rd quarter. Larson Financial Group LLC now owns 1,964 shares of the company’s stock valued at $300,000 after buying an additional 95 shares in the last quarter. MGB Wealth Management LLC grew its holdings in 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 valued at $134,000 after buying an additional 100 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter valued at $31,000.

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.