Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Stock Short Interest Drops 40.7%

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,164 shares, a decrease of 40.7% from the September 30th total of 10,393 shares. Based on an average daily trading volume, of 43,816 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

Shares of DJD stock traded down $0.08 during midday trading on Friday, reaching $67.80. 83,154 shares of the company traded hands, compared to its average volume of 44,258. The firm’s 50 day simple moving average is $65.15 and its two-hundred day simple moving average is $62.77. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $54.83 and a 1-year high of $68.57. The firm has a market cap of $530.20 million, a PE ratio of 17.48 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SYM FINANCIAL Corp acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth approximately $26,000. First Pacific Financial bought a new position in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter valued at about $33,000. International Assets Investment Management LLC boosted its position in shares of 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 acquiring an additional 205 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter valued at approximately $174,000. Finally, Cahill Financial Advisors Inc. acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 2nd quarter valued at about $202,000.

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.