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

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

Invesco Dorsey Wright Momentum ETF Trading Down 0.0 %

PDP stock traded down $0.02 during midday trading on Wednesday, hitting $111.96. The stock had a trading volume of 29,356 shares, compared to its average volume of 21,384. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The stock has a 50-day simple moving average of $112.32 and a 200 day simple moving average of $105.61. Invesco Dorsey Wright Momentum ETF has a 52 week low of $86.81 and a 52 week high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.1344 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDP. Keener Financial Planning LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at about $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth approximately $83,000. Silver Oak Securities Incorporated grew its position in Invesco Dorsey Wright Momentum ETF by 468.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock worth $128,000 after acquiring an additional 970 shares during the last quarter. Affinity Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $200,000. Finally, Trueblood Wealth Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $203,000.

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.