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

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 16,800 shares, an increase of 51.4% from the February 28th total of 11,100 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 10.7% in the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after purchasing an additional 671 shares during the period. Tradition Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 3.0% during the third quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock worth $6,636,000 after buying an additional 1,862 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth about $1,102,000. HighTower Advisors LLC raised its position in Invesco Dorsey Wright Momentum ETF by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Invesco Dorsey Wright Momentum ETF by 24.0% in the 3rd quarter. MML Investors Services LLC now owns 27,932 shares of the company’s stock valued at $2,884,000 after buying an additional 5,413 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Momentum ETF stock traded up $0.25 during trading hours on Tuesday, hitting $100.23. The company’s stock had a trading volume of 9,380 shares, compared to its average volume of 20,425. Invesco Dorsey Wright Momentum ETF has a 12 month low of $89.93 and a 12 month high of $117.67. The company has a market capitalization of $1.23 billion, a PE ratio of 28.29 and a beta of 1.02. The stock has a 50 day moving average of $107.88 and a 200 day moving average of $108.49.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0458 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.