Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 52,792 shares, an increase of 113.6% from the June 30th total of 24,711 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,406 shares, the days-to-cover ratio is currently 1.1 days.
Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF
A number of institutional investors and hedge funds have recently bought and sold shares of DJD. Wealthcare Advisory Partners LLC raised its position in Invesco Dow Jones Industrial Average Dividend ETF by 9.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 15,567 shares of the company’s stock valued at $986,000 after purchasing an additional 1,317 shares during the last quarter. MRA Advisory Group grew its holdings in shares of 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. Western Wealth Management LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter worth about $174,000. 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 valued at $9,159,000 after buying an additional 6,418 shares during the period. Finally, Royal Bank of Canada increased its stake 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 valued at $841,000 after buying an additional 218 shares during the period.
Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.2%
Shares of NYSEARCA:DJD traded down $0.12 during trading on Thursday, hitting $64.58. 35,953 shares of the company were exchanged, compared to its average volume of 44,261. Invesco Dow Jones Industrial Average Dividend ETF has a 1-year low of $52.67 and a 1-year high of $65.74. The company has a market capitalization of $481.77 million, a P/E ratio of 17.48 and a beta of 0.69. The business’s 50 day moving average is $63.52 and its 200-day moving average is $61.55.
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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