Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Decreases By 31.7%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a large 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 43,998 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 267.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the company’s stock valued at $1,260,000 after buying an additional 5,840 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during 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. Advisory Services Network LLC boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 15.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,751 shares of the company’s stock worth $452,000 after acquiring an additional 364 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter worth approximately $1,728,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 7.7%

NASDAQ PRN opened at $213.36 on Friday. The firm has a market cap of $411.78 million, a P/E ratio of 28.33 and a beta of 1.27. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $156.00 and a 52-week high of $262.73. The business’s 50-day moving average price is $237.76 and its 200 day moving average price is $219.31.

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.