Invesco DWA Momentum ETF (NASDAQ:PDP) Short Interest Down 59.7% in April

Invesco DWA Momentum ETF (NASDAQ:PDPGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 5,800 shares, a decline of 59.7% from the April 15th total of 14,400 shares. Based on an average trading volume of 71,300 shares, the short-interest ratio is presently 0.1 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its holdings in Invesco DWA Momentum ETF by 105,133.2% during the third quarter. Citigroup Inc. now owns 6,435,010 shares of the company’s stock worth $575,691,000 after purchasing an additional 6,428,895 shares in the last quarter. Gateway Advisory LLC raised its holdings in Invesco DWA Momentum ETF by 60.3% during the fourth quarter. Gateway Advisory LLC now owns 1,013,011 shares of the company’s stock worth $95,750,000 after purchasing an additional 380,983 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in Invesco DWA Momentum ETF by 481.7% during the third quarter. EP Wealth Advisors LLC now owns 245,928 shares of the company’s stock worth $3,776,000 after purchasing an additional 203,651 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Invesco DWA Momentum ETF by 256.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 70,787 shares of the company’s stock worth $5,735,000 after purchasing an additional 50,915 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Invesco DWA Momentum ETF by 19.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 251,329 shares of the company’s stock worth $23,715,000 after purchasing an additional 40,477 shares in the last quarter.

Shares of NASDAQ PDP traded up $2.53 during midday trading on Friday, hitting $72.68. 70,378 shares of the company’s stock were exchanged, compared to its average volume of 109,935. The stock’s 50 day moving average price is $78.12 and its 200-day moving average price is $85.15. Invesco DWA Momentum ETF has a twelve month low of $68.82 and a twelve month high of $101.60.

About Invesco DWA Momentum ETF (Get Rating)

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.

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