Invesco DWA Momentum ETF (NASDAQ:PDP) Short Interest Up 22.6% in June

Invesco DWA Momentum ETF (NASDAQ:PDPGet Rating) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 6,500 shares, a growth of 22.6% from the May 31st total of 5,300 shares. Based on an average trading volume of 68,300 shares, the days-to-cover ratio is currently 0.1 days.

NASDAQ PDP opened at $67.96 on Wednesday. The business’s 50-day moving average price is $72.74 and its 200 day moving average price is $78.93. Invesco DWA Momentum ETF has a twelve month low of $66.65 and a twelve month high of $101.60.

Large investors have recently made changes to their positions in the business. Ellis Investment Partners LLC acquired a new stake in shares of Invesco DWA Momentum ETF in the fourth quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Invesco DWA Momentum ETF during the 1st quarter valued at approximately $45,000. MCF Advisors LLC acquired a new stake in Invesco DWA Momentum ETF during the 1st quarter valued at approximately $92,000. HHM Wealth Advisors LLC acquired a new stake in Invesco DWA Momentum ETF during the 4th quarter valued at approximately $95,000. Finally, WestHill Financial Advisors Inc. acquired a new stake in Invesco DWA Momentum ETF during the 1st quarter valued at approximately $150,000.

About Invesco DWA Momentum ETF (Get Rating)

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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