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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 25,147 shares, a decline of 42.7% from the August 15th total of 43,901 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 47,780 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter worth approximately $2,136,000. Storen Legacy Partners LLC purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter valued at $532,000. Bank of America Corp DE lifted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after buying an additional 6,418 shares during the period. MRA Advisory Group lifted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock valued at $16,020,000 after buying an additional 3,870 shares during the period. Finally, Cahill Financial Advisors Inc. purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 2nd quarter worth $202,000.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 0.5%

Shares of DJD stock traded up $0.32 during midday trading on Thursday, reaching $64.53. 27,057 shares of the stock were exchanged, compared to its average volume of 43,770. Invesco Dow Jones Industrial Average Dividend ETF has a 1 year low of $54.01 and a 1 year high of $66.83. The firm has a market cap of $452.36 million, a PE ratio of 17.48 and a beta of 0.69. The company’s 50 day moving average is $65.19 and its two-hundred day moving average is $62.77.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

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.