Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Grows By 91.4%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 11,100 shares, an increase of 91.4% from the October 31st total of 5,800 shares. Based on an average daily volume of 22,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PRN. HighTower Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $19,248,000. Financial Management Professionals Inc. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 3.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 27,205 shares of the company’s stock valued at $4,162,000 after purchasing an additional 809 shares during the period. Raymond James & Associates lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 698.9% in the 3rd quarter. Raymond James & Associates now owns 25,228 shares of the company’s stock valued at $3,860,000 after purchasing an additional 22,070 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 60.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock valued at $3,009,000 after purchasing an additional 8,490 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $2,694,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of NASDAQ PRN traded down $1.42 during mid-day trading on Thursday, hitting $176.00. 34,362 shares of the stock traded hands, compared to its average volume of 13,549. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $106.20 and a twelve month high of $180.08. The company has a market cap of $390.72 million, a PE ratio of 29.37 and a beta of 1.07. The firm has a 50 day simple moving average of $161.58 and a two-hundred day simple moving average of $146.32.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.243 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.97 annualized dividend and a yield of 0.55%.

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.