Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Increases By 126.2%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, an increase of 126.2% from the January 31st total of 10,700 shares. Based on an average daily trading volume, of 26,000 shares, the days-to-cover ratio is currently 0.9 days.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ PDP traded up $1.81 on Friday, hitting $107.46. 21,608 shares of the stock were exchanged, compared to its average volume of 22,198. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 32.44 and a beta of 1.02. The company’s 50-day moving average price is $111.44 and its two-hundred day moving average price is $107.93. Invesco Dorsey Wright Momentum ETF has a 52-week low of $89.93 and a 52-week high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid 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

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $80,482,000. Royal Bank of Canada boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 1.3% during the 4th quarter. Royal Bank of Canada now owns 341,375 shares of the company’s stock valued at $36,735,000 after buying an additional 4,276 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock valued at $19,550,000 after acquiring an additional 6,302 shares in the last quarter. LJI Wealth Management LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.6% during the 3rd quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after acquiring an additional 583 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 84,464 shares of the company’s stock worth $9,089,000 after acquiring an additional 381 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.