Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Update

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 18,400 shares, an increase of 47.2% from the May 15th total of 12,500 shares. Based on an average trading volume of 18,300 shares, the short-interest ratio is currently 1.0 days.

Invesco Dorsey Wright Momentum ETF Stock Down 0.7 %

Shares of PDP traded down $0.65 during trading hours on Friday, reaching $97.17. 10,968 shares of the company traded hands, compared to its average volume of 23,254. The company’s fifty day moving average price is $95.70 and its two-hundred day moving average price is $91.81. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 12 month low of $72.68 and a 12 month high of $99.60.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Large investors have recently modified their holdings of the stock. Strategy Asset Managers LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 3.5% during the 1st quarter. Strategy Asset Managers LLC now owns 4,047 shares of the company’s stock valued at $400,000 after acquiring an additional 135 shares during the period. Brookstone Capital Management lifted its position in Invesco Dorsey Wright Momentum ETF by 6.4% during the 4th quarter. Brookstone Capital Management now owns 2,896 shares of the company’s stock valued at $248,000 after acquiring an additional 175 shares during the period. HighTower Advisors LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 9,465 shares of the company’s stock valued at $729,000 after acquiring an additional 196 shares during the period. Spire Wealth Management raised its holdings in Invesco Dorsey Wright Momentum ETF by 4.9% in the first quarter. Spire Wealth Management now owns 4,264 shares of the company’s stock worth $421,000 after buying an additional 200 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 3.4% in the fourth quarter. Private Advisor Group LLC now owns 7,516 shares of the company’s stock worth $643,000 after buying an additional 245 shares during 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.