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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 16,491 shares, a growth of 52.4% from the July 30th total of 10,819 shares. Based on an average trading volume of 54,663 shares, the short-interest ratio is presently 0.3 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the second quarter worth approximately $2,785,000. Founders Financial Securities LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the first quarter valued at approximately $545,000. AlphaCore Capital LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $1,279,000. Advisory Services Network LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 4.7% during the 4th quarter. Advisory Services Network LLC now owns 2,740 shares of the company’s stock worth $478,000 after buying an additional 124 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,424 shares of the company’s stock worth $419,000 after buying an additional 219 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 1.1%

NASDAQ PRN traded down $2.21 on Wednesday, hitting $192.57. The company’s stock had a trading volume of 4,959 shares, compared to its average volume of 32,155. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $156.00 and a 1-year high of $262.73. The firm has a market cap of $371.66 million, a PE ratio of 28.33 and a beta of 1.27. The company’s 50-day moving average is $223.61 and its 200 day moving average is $222.20.

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.