Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Update

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 12,400 shares, an increase of 19.2% from the August 31st total of 10,400 shares. Based on an average trading volume of 15,100 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the second quarter worth approximately $597,000. NewEdge Advisors LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 20.2% in the 2nd quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock valued at $10,217,000 after buying an additional 17,563 shares during the last quarter. Gateway Advisory LLC raised its position in Invesco Dorsey Wright Momentum ETF by 1.9% in the 2nd quarter. Gateway Advisory LLC now owns 213,189 shares of the company’s stock valued at $20,863,000 after buying an additional 3,924 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Invesco Dorsey Wright Momentum ETF by 6.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,734 shares of the company’s stock worth $1,050,000 after acquiring an additional 619 shares during the period. Finally, LJI Wealth Management LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 2.0% during 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 period.

Invesco Dorsey Wright Momentum ETF Trading Down 0.1 %

Shares of Invesco Dorsey Wright Momentum ETF stock traded down $0.11 on Monday, reaching $102.68. 11,646 shares of the company were exchanged, compared to its average volume of 20,167. The stock has a fifty day moving average price of $98.58 and a 200-day moving average price of $97.49. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $72.68 and a fifty-two week high of $103.75. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

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.