Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Rises By 126.2%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, an increase of 126.2% from the January 31st total of 10,700 shares. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PDP. Stratos Wealth Partners LTD. boosted its stake in Invesco Dorsey Wright Momentum ETF by 8.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,376 shares of the company’s stock valued at $579,000 after buying an additional 406 shares during the period. FMR LLC boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 10.7% during the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after acquiring an additional 671 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after purchasing an additional 329 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 3.5% in the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after purchasing an additional 133 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Invesco Dorsey Wright Momentum ETF by 15.2% in the fourth quarter. Allworth Financial LP now owns 1,328 shares of the company’s stock worth $154,000 after purchasing an additional 175 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Up 1.7 %

Shares of Invesco Dorsey Wright Momentum ETF stock traded up $1.81 on Friday, reaching $107.46. The stock had a trading volume of 21,608 shares, compared to its average volume of 22,198. The business’s 50 day moving average is $111.39 and its two-hundred day moving average is $108.09. The company has a market cap of $1.32 billion, a P/E ratio of 32.44 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $89.93 and a 1 year high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently declared 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 of this dividend was Monday, December 23rd.

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.