Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Declines By 66.7%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,900 shares, a decrease of 66.7% from the December 15th total of 14,700 shares. Based on an average trading volume of 32,000 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN stock traded up $3.67 during midday trading on Tuesday, reaching $157.56. 59,767 shares of the company’s stock traded hands, compared to its average volume of 73,346. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $113.81 and a fifty-two week high of $180.08. The business has a 50-day moving average price of $165.85 and a two-hundred day moving average price of $152.44. The company has a market capitalization of $397.05 million, a P/E ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.2497 dividend. The ex-dividend date 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 stock. Truvestments Capital LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the third quarter valued at approximately $31,000. FMR LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% in the 3rd quarter. FMR LLC now owns 404 shares of the company’s stock valued at $62,000 after acquiring an additional 59 shares during the last quarter. MGB Wealth Management LLC raised its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.9% during the third quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after purchasing an additional 100 shares during the period. Private Advisory Group LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the third quarter worth about $219,000. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 worth $300,000 after purchasing an additional 95 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.