Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Down 42.7% in August

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 25,147 shares, a decrease of 42.7% from the August 15th total of 43,901 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 47,780 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Dow Jones Industrial Average Dividend ETF Trading Down 1.2%

DJD stock traded down $0.75 during trading on Wednesday, reaching $64.21. The stock had a trading volume of 38,577 shares, compared to its average volume of 43,864. The firm has a market cap of $450.11 million, a PE ratio of 17.48 and a beta of 0.69. The stock’s 50 day moving average is $65.19 and its two-hundred day moving average is $62.76. Invesco Dow Jones Industrial Average Dividend ETF has a 52 week low of $54.01 and a 52 week high of $66.83.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew 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 valued at $37,000 after buying an additional 205 shares during the period. Cherry Tree Wealth Management LLC purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter worth $63,000. Western Wealth Management LLC purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 1st quarter worth $174,000. Cahill Financial Advisors Inc. bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 2nd quarter valued at $202,000. Finally, Storen Legacy Partners LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter valued at $532,000.

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.