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 increase in short interest during the month of July. As of July 15th, there was short interest totaling 52,792 shares, an increase of 113.6% from the June 30th total of 24,711 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 49,406 shares, the short-interest ratio is currently 1.1 days.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

Shares of NYSEARCA:DJD traded down $0.83 on Wednesday, hitting $64.70. 103,507 shares of the company’s stock were exchanged, compared to its average volume of 44,320. The firm’s 50-day moving average is $63.47 and its 200 day moving average is $61.51. The company has a market capitalization of $482.66 million, a PE ratio of 17.48 and a beta of 0.69. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $52.67 and a 1-year high of $65.74.

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

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock worth $36,821,000 after acquiring an additional 65,189 shares during the period. MRA Advisory Group boosted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock worth $16,020,000 after purchasing an additional 3,870 shares during the last quarter. David Kennon Inc purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter worth approximately $11,774,000. Bank of America Corp DE grew its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after purchasing an additional 6,418 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after buying an additional 2,908 shares during the period.

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.