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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large 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. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 45,803 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the 1st 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 period. Royal Bank of Canada lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock worth $841,000 after purchasing an additional 218 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.7% during the first 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. Blair William & Co. IL acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $26,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter worth approximately $45,000.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

Shares of DJD stock traded up $0.14 during midday trading on Monday, reaching $64.50. 33,699 shares of the company were exchanged, compared to its average volume of 44,221. The company has a market cap of $472.79 million, a P/E ratio of 17.48 and a beta of 0.69. Invesco Dow Jones Industrial Average Dividend ETF has a 12 month low of $52.67 and a 12 month high of $65.27. The company’s 50 day moving average price is $62.62 and its two-hundred day moving average price is $60.92.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

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.