Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Declines By 57.8%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 5,344 shares, a decline of 57.8% from the June 15th total of 12,666 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 47,372 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 267.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the company’s stock worth $1,260,000 after acquiring an additional 5,840 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock valued at $158,000 after purchasing an additional 655 shares during the last quarter. Advisory Services Network LLC lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 15.2% in the second quarter. Advisory Services Network LLC now owns 2,751 shares of the company’s stock worth $452,000 after acquiring an additional 364 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock valued at $199,000 after purchasing an additional 95 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth approximately $1,728,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of NASDAQ PRN traded down $8.31 during midday trading on Thursday, reaching $219.60. The stock had a trading volume of 39,516 shares, compared to its average volume of 27,939. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $155.82 and a twelve month high of $262.73. The company’s 50 day moving average price is $241.86 and its 200 day moving average price is $216.24. The firm has a market cap of $423.83 million, a price-to-earnings ratio of 28.33 and a beta of 1.27.

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.