Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 5,800 shares, a decline of 42.6% from the October 15th total of 10,100 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRN. Truvestments Capital LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the third quarter valued at $31,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth $33,000. Lynx Investment Advisory purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the second quarter valued at $40,000. FMR LLC grew its stake in Invesco Dorsey Wright Industrials Momentum ETF by 17.1% in the 3rd quarter. FMR LLC now owns 404 shares of the company’s stock worth $62,000 after acquiring an additional 59 shares during the period. Finally, MGB Wealth Management LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.9% during the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after acquiring an additional 100 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 0.1 %

NASDAQ PRN traded up $0.14 on Wednesday, hitting $173.34. 30,387 shares of the company’s stock traded hands, compared to its average volume of 12,699. The firm has a market capitalization of $384.81 million, a PE ratio of 29.37 and a beta of 1.07. The firm’s 50-day moving average price is $154.48 and its two-hundred day moving average price is $143.43. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $105.75 and a 1-year high of $176.21.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.243 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.56%. This is a positive change from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

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.