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 drop in short interest in September. As of September 15th, there was short interest totaling 13,277 shares, a drop of 47.2% from the August 31st total of 25,147 shares. Based on an average trading volume of 36,919 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in DJD. International Assets Investment Management LLC boosted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the 1st quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock valued at $37,000 after purchasing an additional 205 shares during the period. Western Wealth Management LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the first quarter valued at approximately $174,000. Cahill Financial Advisors Inc. bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the second quarter valued at approximately $202,000. Storen Legacy Partners LLC acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter worth $532,000. Finally, Royal Bank of Canada grew its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock worth $841,000 after acquiring an additional 218 shares during the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.3%

DJD stock traded down $0.17 during midday trading on Thursday, hitting $62.66. 22,668 shares of the company traded hands, compared to its average volume of 44,166. The business has a 50 day simple moving average of $65.19 and a 200-day simple moving average of $62.93. Invesco Dow Jones Industrial Average Dividend ETF has a twelve month low of $54.01 and a twelve month high of $66.83. The stock has a market capitalization of $490.04 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

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.