Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 53.2% in May

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 8,700 shares, a decrease of 53.2% from the May 15th total of 18,600 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors raised its stake in Invesco Dorsey Wright Momentum ETF by 12.6% in the fourth quarter. World Investment Advisors now owns 3,712 shares of the company’s stock valued at $399,000 after purchasing an additional 415 shares in the last quarter. Jane Street Group LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 96.7% in the 4th quarter. Jane Street Group LLC now owns 5,870 shares of the company’s stock valued at $632,000 after buying an additional 2,886 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 84,464 shares of the company’s stock worth $9,089,000 after acquiring an additional 381 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $32,000. Finally, Jones Financial Companies Lllp increased its stake in Invesco Dorsey Wright Momentum ETF by 124.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,792 shares of the company’s stock valued at $193,000 after acquiring an additional 995 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Up 0.5%

NASDAQ PDP traded up $0.54 during trading on Monday, reaching $105.32. The company’s stock had a trading volume of 16,134 shares, compared to its average volume of 21,545. The firm has a 50 day moving average price of $101.68 and a 200 day moving average price of $106.09. Invesco Dorsey Wright Momentum ETF has a 12 month low of $86.41 and a 12 month high of $117.67. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 28.30 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0458 per share. The ex-dividend date was Monday, March 24th.

About Invesco Dorsey Wright Momentum ETF

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.