Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Update

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,584 shares, a decrease of 81.7% from the December 15th total of 14,141 shares. Based on an average trading volume of 11,531 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,531 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

A number of large investors have recently made changes to their positions in the company. Nova Wealth Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.7% in the 2nd quarter. Nova Wealth Management Inc. now owns 3,313 shares of the company’s stock valued at $520,000 after buying an additional 294 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 4.4% in the 2nd quarter. Silver Oak Securities Incorporated now owns 17,390 shares of the company’s stock valued at $2,731,000 after buying an additional 737 shares during the period. Noble Family Wealth LLC raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 21.8% in the second quarter. Noble Family Wealth LLC now owns 5,594 shares of the company’s stock worth $879,000 after acquiring an additional 1,000 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 4.2% during the 2nd quarter. Belpointe Asset Management LLC now owns 6,950 shares of the company’s stock worth $1,092,000 after acquiring an additional 278 shares in the last quarter. Finally, Trueblood Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 8.2% during the 2nd quarter. Trueblood Wealth Management LLC now owns 3,053 shares of the company’s stock worth $479,000 after buying an additional 231 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN traded up $3.91 on Monday, reaching $189.02. 8,509 shares of the company’s stock were exchanged, compared to its average volume of 13,658. The stock’s fifty day moving average price is $174.71 and its 200-day moving average price is $169.63. The stock has a market cap of $327.00 million, a PE ratio of 28.33 and a beta of 1.23. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $118.25 and a twelve month high of $189.19.

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.