The Invesco Dorsey Wright Industrials Momentum ETF (PRN) has seen an approximate $114.7 million outflow, representing a 24.5% decrease in shares outstanding week-over-week, from 2,980,000 to 2,250,000. The significant drop in shares occurred amid declines in major underlying components, including Rocket Lab Corp (RKLB) down 1.1%, HEICO Corp (HEI) down 0.7%, and Comfort Systems USA Inc (FIX) down 1.8%.
Currently, PRN’s share price is $155.07, situated between its 52-week low of $118.30 and a high of $180.08. This shift in ETF shares and individual stocks highlights the volatile nature of ETF components influenced by investor demand.
