Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 40.9% in November

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 12,300 shares, a decline of 40.9% from the October 31st total of 20,800 shares. Based on an average daily volume of 20,900 shares, the short-interest ratio is currently 0.6 days.

Invesco Dorsey Wright Momentum ETF Stock Performance

Invesco Dorsey Wright Momentum ETF stock traded down $1.02 during trading on Thursday, hitting $115.87. The company’s stock had a trading volume of 28,150 shares, compared to its average volume of 20,958. The stock’s fifty day moving average is $107.38 and its 200 day moving average is $101.21. Invesco Dorsey Wright Momentum ETF has a 1-year low of $80.22 and a 1-year high of $116.92. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

A number of institutional investors have recently bought and sold shares of PDP. Raymond James & Associates boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock valued at $61,454,000 after purchasing an additional 7,932 shares during the last quarter. Gateway Advisory LLC grew its position in Invesco Dorsey Wright Momentum ETF by 1.9% during the second quarter. Gateway Advisory LLC now owns 213,189 shares of the company’s stock valued at $20,863,000 after acquiring an additional 3,924 shares during the period. Janney Montgomery Scott LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 175,370 shares of the company’s stock worth $18,109,000 after acquiring an additional 886 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 20.2% in the 2nd 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 during the period. Finally, LJI Wealth Management LLC lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.6% in the 3rd quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after purchasing an additional 583 shares in the last quarter.

About Invesco Dorsey Wright Momentum ETF

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.