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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 5,248 shares, an increase of 79.4% from the January 15th total of 2,926 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 12,087 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 12,087 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

Several hedge funds have recently modified their holdings of PRN. StoneX Group Inc. raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 2.5% during the 4th quarter. StoneX Group Inc. now owns 13,512 shares of the company’s stock valued at $2,359,000 after buying an additional 324 shares during the last quarter. Principal Securities Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 19.0% during the fourth quarter. Principal Securities Inc. now owns 14,224 shares of the company’s stock worth $2,483,000 after acquiring an additional 2,274 shares during the period. GWN Securities Inc. raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 7.9% during the fourth quarter. GWN Securities Inc. now owns 8,100 shares of the company’s stock valued at $1,414,000 after acquiring an additional 591 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $88,000. Finally, AlphaCore Capital LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter worth approximately $1,279,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Invesco Dorsey Wright Industrials Momentum ETF stock traded up $4.89 during midday trading on Friday, hitting $207.41. 19,849 shares of the company’s stock were exchanged, compared to its average volume of 16,615. The company has a market cap of $352.59 million, a PE ratio of 28.33 and a beta of 1.23. The firm has a 50-day moving average of $187.05 and a two-hundred day moving average of $175.87. Invesco Dorsey Wright Industrials Momentum ETF has a 12 month low of $118.25 and a 12 month high of $211.60.

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.