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 recipient of a significant growth in short interest in 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 stock are sold short. Based on an average daily volume of 47,557 shares, the short-interest ratio is presently 0.2 days.

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

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 325.7% during the 1st quarter. Jones Financial Companies Lllp now owns 11,222 shares of the company’s stock valued at $564,000 after acquiring an additional 8,586 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 17.6% during the 2nd quarter. Raymond James Financial Inc. now owns 45,171 shares of the company’s stock valued at $2,403,000 after acquiring an additional 6,769 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 126,752 shares of the company’s stock valued at $6,742,000 after acquiring an additional 13,309 shares during the last quarter. MRA Advisory Group lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.2% during the 3rd quarter. MRA Advisory Group now owns 234,159 shares of the company’s stock valued at $12,930,000 after acquiring an additional 13,635 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.8% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,510 shares of the company’s stock valued at $1,298,000 after acquiring an additional 196 shares during the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.6%

DJD traded up $0.38 during trading on Friday, reaching $62.93. The stock had a trading volume of 22,048 shares, compared to its average volume of 45,436. The firm 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 1-year low of $51.30 and a 1-year high of $63.02. The stock has a 50 day moving average of $60.41 and a two-hundred day moving average of $59.56.

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.