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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 11,100 shares, a growth 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.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.8 %

Shares of PRN traded down $1.42 during mid-day trading on Thursday, reaching $176.00. The company’s stock had a trading volume of 34,362 shares, compared to its average volume of 13,549. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $106.20 and a 1-year high of $180.08. The stock has a market cap of $390.72 million, a P/E ratio of 29.37 and a beta of 1.07. The business 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 company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.243 per share. This is a boost 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%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

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

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.