Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Shares Shorted: Short Interest Down 40.7% in October

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,164 shares, a decrease of 40.7% from the September 30th total of 10,393 shares. Based on an average daily volume of 43,816 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

Invesco Dow Jones Industrial Average Dividend ETF stock traded up $0.35 during trading on Monday, reaching $68.15. 37,830 shares of the company were exchanged, compared to its average volume of 44,231. The company has a market capitalization of $532.93 million, a P/E ratio of 17.48 and a beta of 0.69. The stock’s 50 day simple moving average is $65.15 and its two-hundred day simple moving average is $62.77. Invesco Dow Jones Industrial Average Dividend ETF has a 52-week low of $54.83 and a 52-week high of $68.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DJD. SYM FINANCIAL Corp purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth about $26,000. First Pacific Financial purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $33,000. International Assets Investment Management LLC lifted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the first 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. Western Wealth Management LLC purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the first quarter worth approximately $174,000. Finally, Cahill Financial Advisors Inc. acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the second quarter valued at approximately $202,000.

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.