Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Short Interest Up 126.2% in February

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, a growth of 126.2% from the January 31st total of 10,700 shares. Based on an average trading volume of 26,000 shares, the short-interest ratio is presently 0.9 days.

Invesco Dorsey Wright Momentum ETF Stock Up 1.7 %

PDP traded up $1.81 during midday trading on Friday, hitting $107.46. 21,608 shares of the company traded hands, compared to its average volume of 22,198. The firm has a market capitalization of $1.32 billion, a PE ratio of 32.44 and a beta of 1.02. The company’s 50-day moving average is $111.39 and its 200 day moving average is $108.09. Invesco Dorsey Wright Momentum ETF has a 52 week low of $89.93 and a 52 week high of $117.67.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $80,482,000. Win Advisors Inc. purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $3,879,000. Financial Management Professionals Inc. bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $2,430,000. Global Retirement Partners LLC increased its holdings in Invesco Dorsey Wright Momentum ETF by 9,603.2% in the 4th quarter. Global Retirement Partners LLC now owns 17,951 shares of the company’s stock worth $1,932,000 after acquiring an additional 17,766 shares in the last quarter. Finally, Kelly Financial Group LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $1,863,000.

About Invesco Dorsey Wright Momentum ETF

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index.