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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 9,200 shares, a decline of 17.1% from the November 15th total of 11,100 shares. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 0.7 %

Shares of PRN stock opened at $165.38 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $113.13 and a 12-month high of $180.08. The firm has a fifty day moving average of $166.29 and a 200-day moving average of $149.10. The company has a market capitalization of $367.14 million, a price-to-earnings ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given 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 dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. RPS Advisory Solutions LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth approximately $218,000. Cambridge Investment Research Advisors Inc. grew its position in Invesco Dorsey Wright Industrials Momentum ETF by 60.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock valued at $3,009,000 after purchasing an additional 8,490 shares in the last quarter. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the second quarter valued at $33,000. Commonwealth Equity Services LLC increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,199 shares of the company’s stock valued at $1,627,000 after buying an additional 1,643 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth about $1,994,000.

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.