Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Drops By 70.5%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 3,900 shares, a decline of 70.5% from the January 31st total of 13,200 shares. Based on an average daily trading volume, of 54,400 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 1.7 %

Invesco Dorsey Wright Industrials Momentum ETF stock traded up $2.48 during mid-day trading on Friday, reaching $148.34. 133,325 shares of the company’s stock traded hands, compared to its average volume of 71,278. The company has a market cap of $372.33 million, a price-to-earnings ratio of 29.49 and a beta of 1.07. The stock has a 50 day moving average of $156.89 and a two-hundred day moving average of $157.15. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $126.68 and a 12-month high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.2497 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 174,696 shares of the company’s stock valued at $26,861,000 after purchasing an additional 19,735 shares in the last quarter. HighTower Advisors LLC raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 13.2% during the fourth quarter. HighTower Advisors LLC now owns 142,526 shares of the company’s stock valued at $21,915,000 after purchasing an additional 16,663 shares in the last quarter. Transamerica Financial Advisors Inc. raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 4.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 117,640 shares of the company’s stock valued at $18,089,000 after purchasing an additional 4,561 shares in the last quarter. LPL Financial LLC raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 20.5% during the fourth quarter. LPL Financial LLC now owns 99,755 shares of the company’s stock valued at $15,338,000 after purchasing an additional 16,967 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at $14,844,000.

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.