Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Declines By 31.7%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 3,648 shares, a decrease of 31.7% from the June 30th total of 5,344 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 43,998 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter worth $43,000. Sankala Group LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at $83,000. O Shaughnessy Asset Management LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at $88,000. Geneos Wealth Management Inc. boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock valued at $158,000 after acquiring an additional 655 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after purchasing an additional 95 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 7.7%

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $213.36 on Friday. The firm has a market capitalization of $411.78 million, a P/E ratio of 28.33 and a beta of 1.27. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $156.00 and a 52 week high of $262.73. The firm’s 50 day moving average is $237.76 and its two-hundred day moving average is $219.31.

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.