Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 10,819 shares, an increase of 196.6% from the July 15th total of 3,648 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,381 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sankala Group LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at about $83,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter worth approximately $88,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth approximately $249,000. Geneos Wealth Management Inc. raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after acquiring an additional 655 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in 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 during the period.
Invesco Dorsey Wright Industrials Momentum ETF Stock Performance
PRN traded down $1.61 during midday trading on Thursday, hitting $223.12. The stock had a trading volume of 58,013 shares, compared to its average volume of 31,722. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $156.00 and a 1 year high of $262.73. The business has a fifty day moving average of $233.82 and a 200 day moving average of $221.00. The company has a market cap of $430.62 million, a P/E ratio of 28.33 and a beta of 1.29.
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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