Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 38.1% in December

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 11,200 shares, a decline of 38.1% from the December 15th total of 18,100 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Dorsey Wright Momentum ETF Trading Up 1.7 %

Shares of Invesco Dorsey Wright Momentum ETF stock traded up $1.79 during trading hours on Tuesday, reaching $108.74. The stock had a trading volume of 14,554 shares, compared to its average volume of 16,249. The stock’s 50 day moving average is $112.01 and its 200 day moving average is $104.52. Invesco Dorsey Wright Momentum ETF has a twelve month low of $83.91 and a twelve month high of $117.67. The firm has a market capitalization of $1.34 billion, a PE ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1344 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 10.7% in the third quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after acquiring an additional 671 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Invesco Dorsey Wright Momentum ETF by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after purchasing an additional 329 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.5% during the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after buying an additional 133 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the second quarter valued at about $597,000. Finally, LJI Wealth Management LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 2.0% in the second quarter. LJI Wealth Management LLC now owns 92,027 shares of the company’s stock valued at $9,006,000 after buying an additional 1,800 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Company Profile

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index.