Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 11,200 shares, a decline of 38.1% from the December 31st total of 18,100 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PDP. Keener Financial Planning LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $27,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth about $83,000. Silver Oak Securities Incorporated lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 468.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock valued at $128,000 after purchasing an additional 970 shares in the last quarter. Affinity Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $200,000. Finally, Trueblood Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $203,000.

Invesco Dorsey Wright Momentum ETF Stock Down 0.0 %

Shares of Invesco Dorsey Wright Momentum ETF stock traded down $0.02 on Wednesday, hitting $111.96. The company’s stock had a trading volume of 29,356 shares, compared to its average volume of 21,384. The firm has a fifty day moving average price of $112.32 and a 200-day moving average price of $105.61. Invesco Dorsey Wright Momentum ETF has a 52-week low of $86.81 and a 52-week high of $117.67. The company has a market capitalization of $1.37 billion, a P/E ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

About Invesco Dorsey Wright Momentum ETF

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.