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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 34,366 shares, an increase of 457.5% from the October 15th total of 6,164 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 44,296 shares, the short-interest ratio is currently 0.8 days.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

Shares of DJD traded down $0.15 during trading hours on Wednesday, hitting $68.23. The stock had a trading volume of 41,589 shares, compared to its average volume of 45,814. The firm has a market capitalization of $543.10 million, a PE ratio of 21.86 and a beta of 0.70. Invesco Dow Jones Industrial Average Dividend ETF has a 12 month low of $55.74 and a 12 month high of $70.19. The stock has a fifty day moving average price of $65.42 and a 200 day moving average price of $63.11.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DJD. Cibc World Market Inc. purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at approximately $29,340,000. MRA Advisory Group boosted its stake 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 worth $16,020,000 after acquiring an additional 3,870 shares during the last quarter. Bank of America Corp DE grew its position 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 acquiring an additional 6,418 shares during the period. Absolute Capital Management LLC grew its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 18.6% during the 3rd quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock valued at $8,916,000 after acquiring an additional 22,300 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 32.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,597 shares of the company’s stock worth $3,396,000 after purchasing an additional 13,162 shares in the last quarter.

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.