Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Up 113.6% in July

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 52,792 shares, a growth of 113.6% from the June 30th total of 24,711 shares. Based on an average daily volume of 49,406 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the shares of the stock are sold short.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

NYSEARCA:DJD traded up $1.02 during mid-day trading on Tuesday, reaching $65.48. The stock had a trading volume of 82,904 shares, compared to its average volume of 43,836. The stock has a market capitalization of $488.48 million, a P/E ratio of 17.48 and a beta of 0.69. The firm has a 50 day moving average price of $63.32 and a two-hundred day moving average price of $61.41. Invesco Dow Jones Industrial Average Dividend ETF has a one year low of $52.67 and a one year high of $65.74.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth $26,000. International Assets Investment Management LLC grew its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the first quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock valued at $37,000 after buying an additional 205 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter valued at about $45,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter worth about $63,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter valued at about $69,000.

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.