Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 15,300 shares, a growth of 24.4% from the November 15th total of 12,300 shares. Based on an average trading volume of 22,100 shares, the short-interest ratio is currently 0.7 days.
Invesco Dorsey Wright Momentum ETF Stock Performance
Shares of NASDAQ:PDP traded up $0.57 during trading on Monday, hitting $113.94. The company’s stock had a trading volume of 35,653 shares, compared to its average volume of 21,380. The company has a market capitalization of $1.41 billion, a PE ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $82.25 and a fifty-two week high of $117.67. The stock’s 50-day moving average price is $110.57 and its two-hundred day moving average price is $102.89.
Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF
Several hedge funds and other institutional investors have recently bought and sold shares of PDP. International Assets Investment Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $83,000. Trueblood Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter valued at approximately $203,000. CWC Advisors LLC. bought a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $207,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth approximately $329,000.
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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