Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,100 shares, a drop of 54.1% from the February 13th total of 24,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 24,700 shares, the short-interest ratio is presently 0.4 days.
Invesco Dorsey Wright Momentum ETF Stock Performance
Shares of PDP opened at $99.94 on Friday. Invesco Dorsey Wright Momentum ETF has a 52-week low of $89.93 and a 52-week high of $117.67. The business’s fifty day moving average is $109.62 and its 200-day moving average is $108.13. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 27.62 and a beta of 1.02.
Invesco Dorsey Wright Momentum ETF Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.1344 dividend. The ex-dividend date was Monday, December 23rd.
Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF
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.
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