Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Up 196.6% in July

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 10,819 shares, a growth of 196.6% from the July 15th total of 3,648 shares. Based on an average daily trading volume, of 51,381 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are sold short.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

NASDAQ:PRN traded up $4.13 during trading hours on Friday, hitting $227.25. 34,499 shares of the company’s stock traded hands, compared to its average volume of 31,739. The firm has a market cap of $438.59 million, a P/E ratio of 28.33 and a beta of 1.29. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $156.00 and a twelve month high of $262.73. The stock’s fifty day moving average price is $233.13 and its two-hundred day moving average price is $221.25.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 6.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $186,000 after purchasing an additional 60 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco Dorsey Wright Industrials Momentum ETF by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock valued at $199,000 after purchasing an additional 95 shares in the last quarter. Advisory Services Network LLC increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 4.7% in the 4th quarter. Advisory Services Network LLC now owns 2,740 shares of the company’s stock valued at $478,000 after buying an additional 124 shares during the period. American Trust increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 1.4% in the 1st quarter. American Trust now owns 9,035 shares of the company’s stock valued at $1,758,000 after buying an additional 126 shares during the period. Finally, Larson Financial Group LLC lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 9.9% in 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.

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.