Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Short Interest Up 125.9% in June
by Kim Johansen · The Markets DailyInvesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,463 shares, a growth of 125.9% from the May 31st total of 3,747 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 30,247 shares, the short-interest ratio is currently 0.3 days.
Invesco Dow Jones Industrial Average Dividend ETF Price Performance
Shares of DJD stock traded up $0.24 during trading hours on Monday, hitting $63.74. The company had a trading volume of 37,659 shares, compared to its average volume of 43,881. The stock has a market capitalization of $476.14 million, a PE ratio of 17.48 and a beta of 0.69. The company’s fifty day moving average is $61.92 and its 200 day moving average is $60.49. Invesco Dow Jones Industrial Average Dividend ETF has a fifty-two week low of $52.67 and a fifty-two week high of $64.04.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DJD. Western Wealth Management LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 1st quarter valued at $174,000. Bank of America Corp DE boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after acquiring an additional 6,418 shares during the period. Royal Bank of Canada grew its position in Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the 1st quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock valued at $841,000 after acquiring an additional 218 shares in the last quarter. Cetera Investment Advisers grew its position in Invesco Dow Jones Industrial Average Dividend ETF by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after acquiring an additional 2,908 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in 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 worth $37,000 after purchasing an additional 205 shares during the period.
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.