Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,344 shares, a drop of 57.8% from the June 15th total of 12,666 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 47,372 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter worth about $43,000. Sankala Group LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at about $83,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at about $88,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the second quarter worth about $249,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 worth $158,000 after purchasing an additional 655 shares during the last quarter.
Invesco Dorsey Wright Industrials Momentum ETF Trading Up 2.0%
Shares of NASDAQ:PRN traded up $4.41 on Tuesday, hitting $228.84. 34,818 shares of the company were exchanged, compared to its average volume of 27,744. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $155.82 and a 1-year high of $262.73. The stock’s 50 day moving average price is $242.49 and its 200 day moving average price is $215.58. The firm has a market capitalization of $437.08 million, a P/E 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.
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