Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Decreases By 57.8%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,344 shares, a decrease of 57.8% from the June 15th total of 12,666 shares. Based on an average trading volume of 47,372 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

A number of institutional investors have recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter worth about $43,000. Sankala Group LLC acquired 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 acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at about $88,000. 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 valued at $158,000 after purchasing an additional 655 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

NASDAQ PRN traded up $4.41 on Tuesday, hitting $228.84. The stock had a trading volume of 34,818 shares, compared to its average volume of 27,744. The business’s fifty day moving average price is $242.49 and its 200 day moving average price is $215.58. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $155.82 and a 52-week high of $262.73. The stock has a market cap of $437.08 million, a price-to-earnings ratio of 28.33 and a beta of 1.27.

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.