Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sees Significant Growth in Short Interest

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 24,711 shares, a growth of 192.0% from the June 15th total of 8,463 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 45,803 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.6%

Shares of Invesco Dow Jones Industrial Average Dividend ETF stock traded down $0.41 during trading hours on Wednesday, hitting $63.46. The company’s stock had a trading volume of 24,413 shares, compared to its average volume of 44,242. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $52.67 and a 1-year high of $65.27. The business has a fifty day moving average of $62.76 and a 200 day moving average of $61.02. The company has a market capitalization of $468.97 million, a PE ratio of 17.48 and a beta of 0.69.

Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC boosted its position in Invesco Dow Jones Industrial Average Dividend ETF by 9.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 15,567 shares of the company’s stock valued at $986,000 after buying an additional 1,317 shares during the last quarter. MRA Advisory Group increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock valued at $16,020,000 after acquiring an additional 3,870 shares during the last quarter. Western Wealth Management LLC bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the first quarter valued at $174,000. Bank of America Corp DE raised its stake in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the first 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 period. Finally, Royal Bank of Canada raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock worth $841,000 after purchasing an additional 218 shares during the period.

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.