Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Down 60.0% in May

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 3,747 shares, a decline of 60.0% from the May 14th total of 9,376 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 26,612 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

Institutional investors have recently modified their holdings of the business. Blair William & Co. IL bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter valued at about $26,000. International Assets Investment Management LLC boosted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 48.8% in the first quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock valued at $37,000 after acquiring an additional 205 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at about $45,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at about $63,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at about $69,000.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

DJD traded up $0.39 during trading on Friday, reaching $63.82. 23,835 shares of the stock were exchanged, compared to its average volume of 43,953. Invesco Dow Jones Industrial Average Dividend ETF has a twelve month low of $51.30 and a twelve month high of $64.04. The stock has a market cap of $476.74 million, a P/E ratio of 17.48 and a beta of 0.69. The stock’s 50 day moving average price is $61.15 and its two-hundred day moving average price is $60.05.

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.