Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Update

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 11,100 shares, a decrease of 54.1% from the February 13th total of 24,200 shares. Currently, 0.1% of the shares of the company are short sold. 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 Up 3.1 %

Shares of PDP traded up $2.99 during mid-day trading on Friday, hitting $99.94. 21,605 shares of the company’s stock were exchanged, compared to its average volume of 20,408. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 27.62 and a beta of 1.02. The stock’s 50-day simple moving average is $109.81 and its 200-day simple moving average is $108.08. 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 business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Institutional investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. raised its stake in Invesco Dorsey Wright Momentum ETF by 8.2% in the fourth 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 in the last quarter. FMR LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 10.7% in the third quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after acquiring an additional 671 shares during the last quarter. JPMorgan Chase & Co. raised its position in Invesco Dorsey Wright Momentum ETF by 0.4% during the third 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 in the last quarter. HighTower Advisors LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 3.5% during the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after purchasing an additional 133 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 124.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,792 shares of the company’s stock valued at $193,000 after purchasing an additional 995 shares in the last quarter.

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.