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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 52,792 shares, a growth of 113.6% from the June 30th total of 24,711 shares. Based on an average daily volume of 49,406 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 1.6%

Shares of Invesco Dow Jones Industrial Average Dividend ETF stock traded up $1.02 on Tuesday, hitting $65.48. The stock had a trading volume of 82,904 shares, compared to its average volume of 43,836. Invesco Dow Jones Industrial Average Dividend ETF has a one year low of $52.67 and a one year high of $65.74. The stock has a market cap of $488.48 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The stock’s 50-day simple moving average is $63.32 and its two-hundred day simple moving average is $61.41.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Several large investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC grew its position in shares of 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 worth $986,000 after buying an additional 1,317 shares during the last quarter. MRA Advisory Group boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the second 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 in the last quarter. Western Wealth Management LLC bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the first quarter valued at $174,000. Bank of America Corp DE increased its position 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 valued at $9,159,000 after purchasing an additional 6,418 shares during the period. Finally, Royal Bank of Canada raised its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in 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 in the last quarter.

About Invesco Dow Jones Industrial Average Dividend ETF

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.