Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Expands By 19.2%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 12,400 shares, a growth of 19.2% from the August 31st total of 10,400 shares. Based on an average trading volume of 15,100 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter valued at approximately $26,000. Carolina Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $39,000. Delta Investment Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the 1st quarter worth $204,000. Trueblood Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $204,000. Finally, Shilanski & Associates Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $219,000.

Invesco Dorsey Wright Momentum ETF Trading Down 0.5 %

Shares of PDP traded down $0.52 during midday trading on Friday, reaching $102.79. 8,275 shares of the company were exchanged, compared to its average volume of 20,213. Invesco Dorsey Wright Momentum ETF has a 1-year low of $72.68 and a 1-year high of $103.75. The stock has a 50-day moving average price of $98.58 and a 200-day moving average price of $97.49. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Company Profile

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index.