Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sees Large Decrease in Short Interest

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,168 shares, a drop of 44.0% from the April 15th total of 5,660 shares. Based on an average daily volume of 31,715 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.4%

Shares of NYSEARCA:DJD traded down $0.24 on Friday, hitting $60.78. The company had a trading volume of 18,115 shares, compared to its average volume of 47,261. The firm’s 50-day simple moving average is $60.14 and its two-hundred day simple moving average is $59.09. Invesco Dow Jones Industrial Average Dividend ETF has a 1 year low of $50.89 and a 1 year high of $62.81. The firm has a market capitalization of $454.03 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock worth $36,821,000 after acquiring an additional 65,189 shares in the last quarter. MRA Advisory Group increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.7% in the 1st quarter. MRA Advisory Group now owns 248,929 shares of the company’s stock worth $14,871,000 after acquiring an additional 1,717 shares in the last quarter. David Kennon Inc bought a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter worth about $11,774,000. Bank of America Corp DE increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 131,852 shares of the company’s stock worth $7,281,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock worth $2,895,000 after acquiring an additional 2,908 shares in the last quarter.

About Invesco Dow Jones Industrial Average Dividend ETF

The Invesco Dow Jones Industrial Average Dividend ETF (DJD) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an index comprising dividend-paying securities of the companies listed on the Dow Jones Industrial Average, weighted by yield. DJD was launched on Dec 16, 2015 and is managed by Invesco.