Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Decreases By 31.7%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,648 shares, a decrease of 31.7% from the June 30th total of 5,344 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 43,998 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

A number of hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 68.5% during the 4th quarter. Private Advisor Group LLC now owns 21,185 shares of the company’s stock worth $3,698,000 after acquiring an additional 8,614 shares during the period. Stratos Wealth Partners LTD. raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 32.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 16,764 shares of the company’s stock valued at $2,927,000 after acquiring an additional 4,097 shares during the period. MML Investors Services LLC raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 10.2% in the 4th quarter. MML Investors Services LLC now owns 14,311 shares of the company’s stock valued at $2,498,000 after acquiring an additional 1,330 shares during the period. Principal Securities Inc. lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 19.0% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the company’s stock valued at $2,483,000 after purchasing an additional 2,274 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in 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 purchasing an additional 324 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Invesco Dorsey Wright Industrials Momentum ETF stock opened at $215.52 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $156.00 and a 52 week high of $262.73. The stock has a market capitalization of $415.95 million, a P/E ratio of 28.33 and a beta of 1.27. The stock has a 50-day simple moving average of $237.34 and a 200 day simple moving average of $219.28.

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.