Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Large Growth in Short Interest

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 9,800 shares, an increase of 216.1% from the February 28th total of 3,100 shares. Based on an average trading volume of 88,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of PRN. Wells Fargo & Company MN lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 174,696 shares of the company’s stock worth $26,861,000 after acquiring an additional 19,735 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 13.2% in the fourth quarter. HighTower Advisors LLC now owns 142,526 shares of the company’s stock worth $21,915,000 after purchasing an additional 16,663 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its holdings in shares of 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 worth $18,089,000 after purchasing an additional 4,561 shares during the period. LPL Financial LLC boosted its holdings in shares of 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 worth $15,338,000 after purchasing an additional 16,967 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $14,844,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN stock opened at $137.79 on Friday. The firm has a market capitalization of $345.85 million, a P/E ratio of 26.47 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $126.68 and a 52-week high of $180.08. The company’s 50 day simple moving average is $150.15 and its 200-day simple moving average is $156.93.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

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.