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 recipient of a large 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. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 51,381 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PRN. Financial Management Professionals Inc. bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the second quarter valued at $2,785,000. BNP Paribas Financial Markets bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth about $1,728,000. 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 buying an additional 8,614 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter worth about $1,279,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 267.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the company’s stock valued at $1,260,000 after acquiring an additional 5,840 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

NASDAQ:PRN traded up $4.13 during trading hours on Friday, reaching $227.25. 34,499 shares of the stock were exchanged, compared to its average volume of 31,739. The stock has a market cap of $438.59 million, a PE 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 firm has a 50 day moving average of $233.13 and a 200 day moving average of $221.25.

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.