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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 3,747 shares, a drop of 60.0% from the May 14th total of 9,376 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 26,612 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. David Kennon Inc purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter valued at $11,774,000. MRA Advisory Group boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 5.6% during the 4th quarter. MRA Advisory Group now owns 247,212 shares of the company’s stock worth $14,126,000 after acquiring an additional 13,053 shares during the last quarter. World Investment Advisors purchased a new position in Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter worth $2,136,000. Level Four Advisory Services LLC grew its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.2% in the 3rd quarter. Level Four Advisory Services LLC now owns 27,661 shares of the company’s stock worth $1,527,000 after acquiring an additional 340 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter worth $552,000.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 0.6%

Shares of DJD traded up $0.39 on Friday, reaching $63.82. The company’s stock had a trading volume of 23,835 shares, compared to its average volume of 43,953. Invesco Dow Jones Industrial Average Dividend ETF has a twelve month low of $51.30 and a twelve month high of $64.04. The stock has a market capitalization of $476.74 million, a PE ratio of 17.48 and a beta of 0.69. The firm has a fifty day moving average of $61.15 and a 200-day moving average of $60.03.

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.