Short Interest in Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Decreases By 42.7%

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 25,147 shares, a decrease of 42.7% from the August 15th total of 43,901 shares. Based on an average daily volume of 47,780 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

Shares of DJD opened at $64.53 on Friday. The stock has a 50-day moving average of $65.20 and a 200-day moving average of $62.78. The company has a market cap of $452.36 million, a PE ratio of 17.48 and a beta of 0.69. Invesco Dow Jones Industrial Average Dividend ETF has a one year low of $54.01 and a one year high of $66.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cahill Financial Advisors Inc. acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the second quarter worth approximately $202,000. Wealthcare Advisory Partners LLC grew its position in Invesco Dow Jones Industrial Average Dividend ETF by 9.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 15,567 shares of the company’s stock valued at $986,000 after purchasing an additional 1,317 shares during the period. MRA Advisory Group increased its stake in 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 valued at $16,020,000 after purchasing an additional 3,870 shares in the last quarter. Western Wealth Management LLC bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 1st quarter valued at $174,000. Finally, Bank of America Corp DE raised its holdings in 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 buying an additional 6,418 shares during the last quarter.

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.