Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Shares Shorted: Short Interest Up 457.5% in October

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 34,366 shares, a growth of 457.5% from the October 15th total of 6,164 shares. Based on an average daily volume of 44,296 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter worth $1,449,000. Bogart Wealth LLC lifted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 46.7% during the third quarter. Bogart Wealth LLC now owns 971 shares of the company’s stock valued at $61,000 after purchasing an additional 309 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at $29,340,000. HighTower Advisors LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at $1,214,000. Finally, Harbour Investments Inc. bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter worth about $633,000.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.2%

Invesco Dow Jones Industrial Average Dividend ETF stock traded down $0.15 during trading hours on Wednesday, hitting $68.23. The stock had a trading volume of 41,589 shares, compared to its average volume of 45,814. The stock has a market capitalization of $543.10 million, a P/E ratio of 21.86 and a beta of 0.70. Invesco Dow Jones Industrial Average Dividend ETF has a 12-month low of $55.74 and a 12-month high of $70.19. The stock’s 50-day moving average price is $65.42 and its 200-day moving average price is $63.11.

About Invesco Dow Jones Industrial Average Dividend ETF

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.