Short Interest in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Increases By 19.2%

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,400 shares, an increase of 19.2% from the August 31st total of 10,400 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PDP. Global Assets Advisory LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the first quarter worth $31,039,000. Cetera Investment Advisers lifted its holdings in Invesco Dorsey Wright Momentum ETF by 269.1% in the first quarter. Cetera Investment Advisers now owns 29,594 shares of the company’s stock valued at $2,923,000 after buying an additional 21,577 shares during the period. NewEdge Advisors LLC increased its holdings in Invesco Dorsey Wright Momentum ETF by 20.2% in the second quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock worth $10,217,000 after purchasing an additional 17,563 shares in the last quarter. Waverly Advisors LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 234.0% during the first quarter. Waverly Advisors LLC now owns 20,242 shares of the company’s stock worth $1,999,000 after acquiring an additional 14,181 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $722,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Momentum ETF stock traded down $0.11 on Monday, reaching $102.68. The stock had a trading volume of 11,646 shares, compared to its average volume of 20,167. The business’s 50-day moving average price is $98.58 and its two-hundred day moving average price is $97.49. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $72.68 and a fifty-two week high of $103.75. The stock has a market cap of $1.29 billion, a P/E ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Company Profile

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.