Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Short Interest Update

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 9,200 shares, a decline of 17.1% from the November 15th total of 11,100 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF during the third quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth approximately $33,000. FMR LLC boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% during the 3rd quarter. FMR LLC now owns 404 shares of the company’s stock worth $62,000 after acquiring an additional 59 shares during the period. MGB Wealth Management LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.9% during the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after acquiring an additional 100 shares during the last quarter. Finally, Private Advisory Group LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at $219,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.7 %

NASDAQ PRN opened at $165.38 on Friday. The firm has a market capitalization of $367.14 million, a P/E ratio of 29.37 and a beta of 1.07. The firm’s fifty day moving average price is $166.29 and its two-hundred day moving average price is $149.10. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $113.13 and a 1 year high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.243 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.97 annualized dividend and a dividend yield of 0.59%.

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.