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

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 18,100 shares, an increase of 18.3% from the November 30th total of 15,300 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 0.8 days.

Invesco Dorsey Wright Momentum ETF Price Performance

Invesco Dorsey Wright Momentum ETF stock opened at $109.32 on Monday. The company has a market capitalization of $1.35 billion, a P/E ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $82.25 and a 1 year high of $117.67. The business has a 50 day moving average of $111.28 and a 200-day moving average of $103.72.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Several institutional investors have recently made changes to their positions in PDP. JPMorgan Chase & Co. raised its holdings in Invesco Dorsey Wright Momentum ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after purchasing an additional 329 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $83,000. World Investment Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $340,000. MML Investors Services LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 24.0% during the 3rd quarter. MML Investors Services LLC now owns 27,932 shares of the company’s stock worth $2,884,000 after purchasing an additional 5,413 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Invesco Dorsey Wright Momentum ETF by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares during the last quarter.

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.