Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Update

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 13,277 shares, a drop of 47.2% from the August 31st total of 25,147 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 36,919 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 32.6% during the second quarter. Envestnet Asset Management Inc. now owns 53,597 shares of the company’s stock valued at $3,396,000 after purchasing an additional 13,162 shares during the period. Cahill Financial Advisors Inc. acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the second quarter valued at about $202,000. Wealthcare Advisory Partners LLC raised its position in Invesco Dow Jones Industrial Average Dividend ETF by 9.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 15,567 shares of the company’s stock worth $986,000 after acquiring an additional 1,317 shares during the period. MRA Advisory Group increased its position in Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the second quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock worth $16,020,000 after purchasing an additional 3,870 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the first quarter valued at approximately $174,000.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

Shares of NYSEARCA:DJD traded down $0.69 during midday trading on Wednesday, reaching $62.90. 75,271 shares of the company’s stock were exchanged, compared to its average volume of 44,276. Invesco Dow Jones Industrial Average Dividend ETF has a 12 month low of $54.01 and a 12 month high of $66.83. The firm has a market capitalization of $491.85 million, a PE ratio of 17.48 and a beta of 0.69. The company’s 50 day simple moving average is $65.21 and its two-hundred day simple moving average is $62.91.

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.