Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Down 64.1% in April

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 20,567 shares, a decrease of 64.1% from the April 15th total of 57,245 shares. Based on an average trading volume of 22,529 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Invesco Dorsey Wright Momentum ETF Stock Performance

NASDAQ:PDP traded down $3.11 during midday trading on Friday, reaching $139.78. 25,778 shares of the stock traded hands, compared to its average volume of 32,102. Invesco Dorsey Wright Momentum ETF has a 12-month low of $102.39 and a 12-month high of $142.95. The business has a 50-day moving average of $129.28 and a two-hundred day moving average of $123.85. The stock has a market capitalization of $1.50 billion, a PE ratio of 28.67 and a beta of 1.18.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Hedge funds have recently modified their holdings of the stock. Calton & Associates Inc. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 31.5% during the third quarter. Calton & Associates Inc. now owns 21,371 shares of the company’s stock valued at $2,523,000 after acquiring an additional 5,115 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 15.8% during the third quarter. JPMorgan Chase & Co. now owns 104,226 shares of the company’s stock valued at $12,304,000 after acquiring an additional 14,194 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 12.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock valued at $13,295,000 after acquiring an additional 12,163 shares in the last quarter. UBS Group AG increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 8.7% during the fourth quarter. UBS Group AG now owns 192,339 shares of the company’s stock valued at $22,389,000 after acquiring an additional 15,323 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 40.1% during the third quarter. Arkadios Wealth Advisors now owns 14,350 shares of the company’s stock valued at $1,694,000 after acquiring an additional 4,108 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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.