Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Up 192.0% in June

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 24,711 shares, an increase of 192.0% from the June 15th total of 8,463 shares. Based on an average daily trading volume, of 45,803 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. David Kennon Inc acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at about $11,774,000. LPL Financial LLC lifted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock valued at $36,821,000 after purchasing an additional 65,189 shares during the period. World Investment Advisors purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 4th quarter worth approximately $2,136,000. Kestra Advisory Services LLC boosted its position in Invesco Dow Jones Industrial Average Dividend ETF by 362.8% during the fourth quarter. Kestra Advisory Services LLC now owns 37,555 shares of the company’s stock worth $2,146,000 after purchasing an additional 29,440 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.7% in the 2nd quarter. Bank of America Corp DE now owns 126,752 shares of the company’s stock worth $6,742,000 after buying an additional 13,309 shares in the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

Shares of DJD traded up $0.14 during mid-day trading on Monday, reaching $64.50. 33,699 shares of the company’s stock were exchanged, compared to its average volume of 44,221. The stock has a market capitalization of $472.79 million, a PE ratio of 17.48 and a beta of 0.69. The business’s fifty day simple moving average is $62.62 and its 200-day simple moving average is $60.92. Invesco Dow Jones Industrial Average Dividend ETF has a 52-week low of $52.67 and a 52-week high of $65.27.

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.