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

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

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN stock traded down $2.17 during mid-day trading on Wednesday, hitting $226.83. The company’s stock had a trading volume of 44,934 shares, compared to its average volume of 27,879. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $155.82 and a 52-week high of $262.73. The business has a 50-day moving average price of $242.27 and a 200 day moving average price of $215.91. The stock has a market cap of $437.78 million, a price-to-earnings ratio of 28.33 and a beta of 1.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PRN. Tower Research Capital LLC TRC lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 267.5% in the second 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. Geneos Wealth Management Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock valued at $158,000 after buying an additional 655 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 15.2% during the second quarter. Advisory Services Network LLC now owns 2,751 shares of the company’s stock valued at $452,000 after buying an additional 364 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after buying an additional 95 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the third quarter worth $1,728,000.

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.