Short Interest in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Decreases By 15.1%

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 10,100 shares, a drop of 15.1% from the September 30th total of 11,900 shares. Based on an average daily volume of 16,600 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Several hedge funds have recently modified their holdings of PRN. J.W. Cole Advisors Inc. boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 8.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,435 shares of the company’s stock valued at $679,000 after purchasing an additional 363 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 3.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 27,205 shares of the company’s stock worth $4,162,000 after purchasing an additional 809 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the third quarter valued at $868,000. Silver Oak Securities Incorporated lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 82.8% in the third quarter. Silver Oak Securities Incorporated now owns 14,845 shares of the company’s stock worth $2,260,000 after purchasing an additional 6,724 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the third quarter worth $419,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

NASDAQ:PRN traded down $0.88 during midday trading on Tuesday, reaching $158.80. The stock had a trading volume of 10,053 shares, compared to its average volume of 12,178. The stock has a market capitalization of $347.77 million, a P/E ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $94.43 and a 1-year high of $162.69. The firm’s fifty day simple moving average is $150.14 and its 200-day simple moving average is $141.22.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

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.