Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Drops By 70.5%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 3,900 shares, a decrease of 70.5% from the January 31st total of 13,200 shares. Based on an average trading volume of 54,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the third quarter valued at about $2,694,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the third quarter valued at about $868,000. Advisors Preferred LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at about $47,000. Raymond James & Associates lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 698.9% during the third quarter. Raymond James & Associates now owns 25,228 shares of the company’s stock valued at $3,860,000 after buying an additional 22,070 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at about $478,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Invesco Dorsey Wright Industrials Momentum ETF stock traded up $2.48 during midday trading on Friday, hitting $148.34. 133,325 shares of the company’s stock were exchanged, compared to its average volume of 71,278. Invesco Dorsey Wright Industrials Momentum ETF has a 12 month low of $126.68 and a 12 month high of $180.08. The firm has a 50-day moving average of $156.89 and a two-hundred day moving average of $157.15. The company has a market cap of $372.33 million, a PE ratio of 29.49 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.2497 per share. The ex-dividend date was Monday, December 23rd.

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.