Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Down 72.1% in May

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,900 shares, a decrease of 72.1% from the May 15th total of 10,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $152.26 on Friday. The company has a market cap of $354.77 million, a P/E ratio of 29.41 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a one year low of $118.25 and a one year high of $180.08. The firm has a fifty day moving average of $141.44 and a two-hundred day moving average of $149.91.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Avantax Advisory Services Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,658 shares of the company’s stock worth $1,024,000 after purchasing an additional 123 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter worth $14,844,000. Ameriprise Financial Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 78.5% during the 4th quarter. Ameriprise Financial Inc. now owns 85,387 shares of the company’s stock worth $13,130,000 after purchasing an additional 37,544 shares during the period. Stonebridge Financial Planning Group LLC grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 22.7% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 5,622 shares of the company’s stock worth $864,000 after purchasing an additional 1,041 shares during the period. Finally, StoneX Group Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.6% during the 4th quarter. StoneX Group Inc. now owns 14,877 shares of the company’s stock worth $2,287,000 after purchasing an additional 230 shares during the period.

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.