Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Large Decline in Short Interest

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 14,000 shares, a decline of 16.7% from the March 15th total of 16,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $93.47 on Tuesday. Invesco Dorsey Wright Momentum ETF has a 52 week low of $86.41 and a 52 week high of $117.67. The firm has a market capitalization of $1.12 billion, a P/E ratio of 26.73 and a beta of 1.02. The company has a 50-day simple moving average of $101.54 and a 200-day simple moving average of $107.56.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.0458 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Keener Financial Planning LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $27,000. Russell Investments Group Ltd. acquired a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $32,000. GeoWealth Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $41,000. Harbour Investments Inc. boosted its holdings in Invesco Dorsey Wright Momentum ETF by 206.2% during the fourth quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock valued at $64,000 after purchasing an additional 400 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at approximately $83,000.

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.