Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 16,491 shares, a growth of 52.4% from the July 30th total of 10,819 shares. Based on an average trading volume of 54,663 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sankala Group LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter valued at approximately $83,000. O Shaughnessy Asset Management LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at $88,000. Geneos Wealth Management Inc. boosted its holdings in 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 acquiring an additional 655 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after acquiring an additional 95 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the second quarter worth $249,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 1.2%

PRN traded down $2.45 during midday trading on Tuesday, reaching $195.25. The company’s stock had a trading volume of 14,565 shares, compared to its average volume of 32,258. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $156.00 and a 1 year high of $262.73. The stock’s 50-day moving average is $224.78 and its 200-day moving average is $222.27. The firm has a market capitalization of $376.83 million, a price-to-earnings ratio of 28.33 and a beta of 1.29.

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.