Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Up 125.9% in June

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 8,463 shares, a growth of 125.9% from the May 31st total of 3,747 shares. Based on an average daily volume of 30,247 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the first quarter worth about $174,000. Bank of America Corp DE grew its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock worth $9,159,000 after acquiring an additional 6,418 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock valued at $841,000 after purchasing an additional 218 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% during the first quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock worth $2,895,000 after acquiring an additional 2,908 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the 1st quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock worth $37,000 after purchasing an additional 205 shares during the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Trading Down 0.6%

NYSEARCA:DJD traded down $0.37 during mid-day trading on Tuesday, hitting $63.37. 69,457 shares of the company’s stock traded hands, compared to its average volume of 44,091. Invesco Dow Jones Industrial Average Dividend ETF has a 12 month low of $52.67 and a 12 month high of $64.04. The firm has a market capitalization of $473.37 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The firm has a 50 day moving average of $61.97 and a two-hundred day moving average of $60.54.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

The Invesco Dow Jones Industrial Average Dividend ETF (DJD) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an index comprising dividend-paying securities of the companies listed on the Dow Jones Industrial Average, weighted by yield. DJD was launched on Dec 16, 2015 and is managed by Invesco.