Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 54.1% in February

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 8.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,376 shares of the company’s stock valued at $579,000 after purchasing an additional 406 shares during the last quarter. FMR LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 10.7% in the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after purchasing an additional 671 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after purchasing an additional 329 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of 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 acquiring an additional 133 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 124.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,792 shares of the company’s stock valued at $193,000 after acquiring an additional 995 shares in 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.