Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sees Large Growth in Short Interest

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 9,376 shares, a growth of 196.0% from the April 30th total of 3,168 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 47,557 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter valued at $174,000. Bank of America Corp DE increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after purchasing an additional 6,418 shares during the period. Royal Bank of Canada increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the first quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock valued at $841,000 after purchasing an additional 218 shares during the period. Cetera Investment Advisers increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% during the first quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after purchasing an additional 2,908 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the first quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock valued at $37,000 after purchasing an additional 205 shares during the period.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.6%

Shares of NYSEARCA:DJD traded up $0.38 during trading on Friday, hitting $62.93. 22,048 shares of the company traded hands, compared to its average volume of 45,436. The business’s fifty day moving average is $60.41 and its 200-day moving average is $59.56. The stock has a market capitalization of $470.09 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. Invesco Dow Jones Industrial Average Dividend ETF has a one year low of $51.30 and a one year high of $63.02.

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.