Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 40.9% in November

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 12,300 shares, a decrease of 40.9% from the October 31st total of 20,800 shares. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Dorsey Wright Momentum ETF Price Performance

Invesco Dorsey Wright Momentum ETF stock traded down $1.02 during mid-day trading on Thursday, reaching $115.87. The company had a trading volume of 28,150 shares, compared to its average volume of 20,958. The stock’s 50-day simple moving average is $107.38 and its 200-day simple moving average is $101.21. The company has a market capitalization of $1.43 billion, a P/E ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $80.22 and a 1 year high of $116.92.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PDP. International Assets Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $83,000. Trueblood Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $203,000. CWC Advisors LLC. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $207,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $329,000.

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.