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

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 11,400 shares, a decrease of 15.6% from the March 31st total of 13,500 shares. Based on an average trading volume of 24,100 shares, the short-interest ratio is currently 0.5 days.

Invesco Dorsey Wright Momentum ETF Stock Performance

NASDAQ:PDP opened at $94.26 on Friday. The company has a 50-day moving average of $95.55 and a 200-day moving average of $87.08. Invesco Dorsey Wright Momentum ETF has a 52 week low of $72.68 and a 52 week high of $99.60. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.0275 per share. The ex-dividend date was Monday, March 18th. This represents a $0.11 annualized dividend and a dividend yield of 0.12%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PDP. Global Assets Advisory LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter worth approximately $31,039,000. Win Advisors Inc. acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at $6,168,000. International Assets Investment Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $3,566,000. EP Wealth Advisors LLC raised its position in Invesco Dorsey Wright Momentum ETF by 216.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 38,630 shares of the company’s stock valued at $2,974,000 after purchasing an additional 26,430 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 12.8% in the third quarter. LPL Financial LLC now owns 221,567 shares of the company’s stock worth $17,058,000 after purchasing an additional 25,209 shares in the last quarter.

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.