Short Interest in Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Declines By 60.0%

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,747 shares, a decline of 60.0% from the May 14th total of 9,376 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 26,612 shares, the short-interest ratio is presently 0.1 days.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.6%

DJD traded up $0.39 during trading on Friday, hitting $63.82. 23,835 shares of the stock were exchanged, compared to its average volume of 43,953. The firm has a market capitalization of $476.74 million, a P/E ratio of 17.48 and a beta of 0.69. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $51.30 and a 1-year high of $64.04. The stock has a fifty day moving average price of $61.15 and a two-hundred day moving average price of $60.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $26,000. International Assets Investment Management LLC increased its position 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 buying an additional 205 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter valued at approximately $45,000. Cherry Tree Wealth Management LLC purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter valued at approximately $63,000. Finally, Ankerstar Wealth LLC purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter valued at approximately $69,000.

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.