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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,463 shares, a growth of 125.9% from the May 31st total of 3,747 shares. Based on an average daily trading volume, of 30,247 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of DJD. International Assets Investment Management LLC lifted its holdings in 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 worth $37,000 after acquiring an additional 205 shares during the last quarter. Royal Bank of Canada grew 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 last quarter. World Investment Advisors raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.7% during the 1st quarter. World Investment Advisors now owns 37,653 shares of the company’s stock worth $2,249,000 after purchasing an additional 278 shares during the period. Level Four Advisory Services LLC raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.2% during the 3rd quarter. Level Four Advisory Services LLC now owns 27,661 shares of the company’s stock worth $1,527,000 after purchasing an additional 340 shares during the period. Finally, Blair William & Co. IL acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth approximately $26,000.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

DJD traded up $0.30 during trading on Wednesday, hitting $63.67. The company had a trading volume of 45,712 shares, compared to its average volume of 44,112. The company has a market cap of $475.61 million, a PE ratio of 17.48 and a beta of 0.69. The business has a 50-day moving average of $61.97 and a 200-day moving average of $60.54. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $52.67 and a 1-year high of $64.04.

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.