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 target of a significant 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. Based on an average daily volume of 51,381 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are sold short.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.7%

NASDAQ:PRN traded down $1.61 on Thursday, reaching $223.12. 58,013 shares of the stock traded hands, compared to its average volume of 31,722. The company has a market capitalization of $430.62 million, a price-to-earnings ratio of 28.33 and a beta of 1.29. Invesco Dorsey Wright Industrials Momentum ETF has a 12 month low of $156.00 and a 12 month high of $262.73. The company’s fifty day simple moving average is $233.82 and its 200 day simple moving average is $221.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Sankala Group LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter valued at $83,000. O Shaughnessy Asset Management LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $88,000. Dynamic Advisor Solutions LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the second quarter worth approximately $249,000. Geneos Wealth Management Inc. boosted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after purchasing an additional 655 shares during the period. Finally, JPMorgan Chase & Co. increased its stake 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 purchasing an additional 95 shares in the last quarter.

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.