Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Update

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

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 0.7 %

NASDAQ:PRN opened at $145.86 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $126.68 and a twelve month high of $180.08. The company has a fifty day moving average of $157.07 and a 200-day moving average of $156.93. The firm has a market capitalization of $374.86 million, a P/E ratio of 29.49 and a beta of 1.15.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $19,248,000. Raymond James Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $14,844,000. Ameriprise Financial Inc. increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 78.5% during the fourth quarter. Ameriprise Financial Inc. now owns 85,387 shares of the company’s stock valued at $13,130,000 after acquiring an additional 37,544 shares in the last quarter. Raymond James & Associates raised 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 worth $3,860,000 after purchasing an additional 22,070 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 174,696 shares of the company’s stock worth $26,861,000 after purchasing an additional 19,735 shares in the last quarter.

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.