Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 64.1% in April

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 20,567 shares, a decrease of 64.1% from the April 15th total of 57,245 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 22,529 shares, the short-interest ratio is currently 0.9 days.

Invesco Dorsey Wright Momentum ETF Trading Down 2.2%

Shares of PDP traded down $3.11 during midday trading on Friday, reaching $139.78. 25,778 shares of the stock were exchanged, compared to its average volume of 32,102. Invesco Dorsey Wright Momentum ETF has a 52 week low of $102.39 and a 52 week high of $142.95. The company’s 50 day moving average is $129.28 and its two-hundred day moving average is $123.85. The company has a market capitalization of $1.50 billion, a P/E ratio of 28.67 and a beta of 1.18.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PDP. Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Momentum ETF by 14.7% during the 1st quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock worth $206,000 after buying an additional 264 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at $775,000. Jane Street Group LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 41.2% during the 1st quarter. Jane Street Group LLC now owns 8,288 shares of the company’s stock valued at $829,000 after acquiring an additional 2,418 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Invesco Dorsey Wright Momentum ETF by 10.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 11,288 shares of the company’s stock valued at $1,226,000 after acquiring an additional 1,068 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 1.0% during the 2nd quarter. MML Investors Services LLC now owns 39,463 shares of the company’s stock valued at $4,285,000 after acquiring an additional 391 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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.