Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Expands By 19.2%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a significant increase in short interest in the month of 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 daily volume of 15,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the second quarter worth about $26,000. Carolina Wealth Advisors LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $39,000. Trueblood Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at approximately $204,000. Delta Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $204,000. Finally, Shilanski & Associates Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $219,000.

Invesco Dorsey Wright Momentum ETF Stock Down 0.5 %

Shares of PDP traded down $0.52 during midday trading on Friday, reaching $102.79. 8,275 shares of the stock were exchanged, compared to its average volume of 20,213. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $103.75. The stock’s 50 day simple moving average is $98.58 and its 200 day simple moving average is $97.49. The company has a market cap of $1.30 billion, a P/E 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.