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

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,700 shares, a growth of 59.8% from the November 30th total of 9,200 shares. Based on an average daily trading volume, of 25,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Stifel Financial Corp purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the third quarter valued at about $2,694,000. Private Advisor Group LLC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 21.3% during the 2nd quarter. Private Advisor Group LLC now owns 8,958 shares of the company’s stock worth $1,194,000 after purchasing an additional 1,575 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 60.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock worth $3,009,000 after purchasing an additional 8,490 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 512.7% in the second quarter. Sunbelt Securities Inc. now owns 3,425 shares of the company’s stock valued at $457,000 after buying an additional 2,866 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 42.7% in the second quarter. Cetera Investment Advisers now owns 8,632 shares of the company’s stock valued at $1,151,000 after buying an additional 2,582 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Invesco Dorsey Wright Industrials Momentum ETF stock opened at $155.84 on Friday. The company has a market cap of $345.96 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $113.13 and a 1 year high of $180.08. The firm has a 50 day moving average price of $166.43 and a 200 day moving average price of $150.69.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2497 per share. The ex-dividend date was Monday, December 23rd.

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.