Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Stock Short Interest Report for October

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 34,366 shares, an increase of 457.5% from the October 15th total of 6,164 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 44,296 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.2%

NYSEARCA:DJD traded up $0.15 during mid-day trading on Friday, hitting $68.44. 12,222 shares of the stock traded hands, compared to its average volume of 45,629. Invesco Dow Jones Industrial Average Dividend ETF has a 52 week low of $55.74 and a 52 week high of $70.19. The stock has a market capitalization of $544.77 million, a price-to-earnings ratio of 21.86 and a beta of 0.69. The firm’s 50 day moving average is $65.51 and its two-hundred day moving average is $63.20.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds have recently made changes to their positions in the stock. Essex Financial Services Inc. purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $327,000. Private Advisor Group LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter valued at approximately $1,449,000. Bogart Wealth LLC raised its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 46.7% during the 3rd quarter. Bogart Wealth LLC now owns 971 shares of the company’s stock worth $61,000 after buying an additional 309 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth about $29,340,000. Finally, HighTower Advisors LLC purchased a new position in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth about $1,214,000.

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.