Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Update

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 9,376 shares, a growth of 196.0% from the April 30th total of 3,168 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 47,557 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 0.6%

Shares of Invesco Dow Jones Industrial Average Dividend ETF stock traded up $0.38 during mid-day trading on Friday, reaching $62.93. 22,048 shares of the stock were exchanged, compared to its average volume of 45,436. The company has a market cap of $470.09 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The firm has a 50-day simple moving average of $60.41 and a 200 day simple moving average of $59.56. Invesco Dow Jones Industrial Average Dividend ETF has a fifty-two week low of $51.30 and a fifty-two week high of $63.02.

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

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock worth $36,821,000 after purchasing an additional 65,189 shares in the last quarter. MRA Advisory Group grew its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.7% during the first quarter. MRA Advisory Group now owns 248,929 shares of the company’s stock worth $14,871,000 after purchasing an additional 1,717 shares during the last quarter. David Kennon Inc bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter worth $11,774,000. Bank of America Corp DE grew its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock worth $9,159,000 after purchasing an additional 6,418 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% during the first quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock worth $2,895,000 after purchasing an additional 2,908 shares during 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.