Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 9,800 shares, an increase of 216.1% from the February 28th total of 3,100 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 88,000 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Several large investors have recently modified their holdings of the stock. Larson Financial Group LLC grew 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 during the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the third quarter valued at approximately $31,000. FMR LLC increased its stake in shares of 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 purchasing an additional 59 shares during the period. HighTower Advisors LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth approximately $19,248,000. Finally, Stifel Financial Corp acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth approximately $2,694,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 1.7 %

Shares of NASDAQ PRN traded down $2.36 during midday trading on Friday, hitting $137.79. 96,105 shares of the company’s stock were exchanged, compared to its average volume of 36,124. Invesco Dorsey Wright Industrials Momentum ETF has a 12 month low of $126.68 and a 12 month high of $180.08. The company’s 50 day moving average price is $150.15 and its 200 day moving average price is $156.93. The firm has a market capitalization of $345.85 million, a PE ratio of 26.47 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.006 dividend. The ex-dividend date is Monday, March 24th.

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.