Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Declines By 16.7%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 14,000 shares, a decline of 16.7% from the March 15th total of 16,800 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Invesco Dorsey Wright Momentum ETF Stock Up 0.6 %

PDP stock opened at $95.88 on Monday. The business has a 50 day moving average of $101.94 and a 200 day moving average of $107.64. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.41 and a twelve month high of $117.67. The firm has a market cap of $1.15 billion, a PE ratio of 26.73 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0458 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several institutional investors have recently bought and sold shares of PDP. Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $80,482,000. Royal Bank of Canada raised its holdings in Invesco Dorsey Wright Momentum ETF by 1.3% in the 4th quarter. Royal Bank of Canada now owns 341,375 shares of the company’s stock worth $36,735,000 after acquiring an additional 4,276 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 3.6% in 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. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,271 shares of the company’s stock valued at $10,125,000 after purchasing an additional 14,685 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 84,464 shares of the company’s stock worth $9,089,000 after purchasing an additional 381 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.