(NASDAQ:PRN) shares saw heavy trading volume with 7,025 shares changing hands by the end of trading on Tuesday. Overall, volume was up 82.99% over the stocks normal daily volume. Investors are a little more bullish on PowerShares DWA Industrials Mom recently as evidenced by the change in short interest. The stock saw a fall in short interest of -2.83% as of the latest report on October 13, 2017. Short shares decreased from 3,810 to 3,702 over that period.
The following firms have recently changed their position in PRN. Baird Financial Group, Inc. trimmed its ownership by shedding 1,322 shares a decrease of 5.0% as of 06/30/2017. Baird Financial Group, Inc. now controls 25,074 shares valued at $1,341,000. The value of the position overall is down by 1.0%. Jane Street Group, LLC cut its investment by selling 2,215 shares a decrease of 6.4% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC claims 32,461 shares with a value of $1,736,000. The total value of its holdings decreased 2.5%.
Cwm, LLC divested its holdings by selling 125 shares a decrease of 63.5% in the quarter. Cwm, LLC now holds 72 shares worth $4,000. The total value of its holdings decreased 63.6%. As of quarter end Raymond James Financial Services Advisors, Inc. had bought 142 shares growing its stake by 1.7%. The value of the company’s investment in PowerShares DWA Industrials Mom went from $445,000 to $491,000 a change of $46,000 since the last quarter.
The company is so far trading up by 1.62% since yesterday’s close of $0.00. It is trading at $60.63 a tad higher than the 50 day moving average which is $58.66 and which is just over the 200 day moving average of $55.24. The 50 day moving average was up $1.97 and the 200 day average went up $5.39 or +9.75%.
PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called 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. Stocks are selected principally on the basis of their capital appreciation potential as identified by the AMEX (the Intellidex Provider) pursuant to an Intellidex methodology. The Fund?s investment advisor is PowerShares Capital Management LLC..Advertisement