Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 25,147 shares, a decline of 42.7% from the August 15th total of 43,901 shares. Based on an average daily volume of 47,780 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold.
Invesco Dow Jones Industrial Average Dividend ETF Stock Down 1.2%
DJD traded down $0.75 during midday trading on Wednesday, reaching $64.21. The company had a trading volume of 38,577 shares, compared to its average volume of 43,864. The business has a 50-day moving average of $65.19 and a two-hundred day moving average of $62.76. Invesco Dow Jones Industrial Average Dividend ETF has a 1 year low of $54.01 and a 1 year high of $66.83. The company has a market cap of $450.11 million, a P/E ratio of 17.48 and a beta of 0.69.
Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DJD. MRA Advisory Group lifted its holdings 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 valued at $16,020,000 after purchasing an additional 3,870 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock worth $9,159,000 after purchasing an additional 6,418 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% during the 1st quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after purchasing an additional 2,908 shares during the period. Kestra Advisory Services LLC raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 5.7% during the 1st quarter. Kestra Advisory Services LLC now owns 39,712 shares of the company’s stock valued at $2,372,000 after purchasing an additional 2,157 shares during the period. Finally, World Investment Advisors raised its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 0.7% during the 1st quarter. World Investment Advisors now owns 37,653 shares of the company’s stock valued at $2,249,000 after purchasing an additional 278 shares during the period.
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.
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