Short Interest in Invesco DWA Momentum ETF (NASDAQ:PDP) Decreases By 98.3%

Invesco DWA Momentum ETF (NASDAQ:PDP) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 2,800 shares, a drop of 98.3% from the August 15th total of 167,900 shares. Based on an average trading volume of 60,600 shares, the days-to-cover ratio is presently 0.0 days.

A number of large investors have recently bought and sold shares of PDP. Ameriprise Financial Inc. increased its stake in shares of Invesco DWA Momentum ETF by 21.5% during the 1st quarter. Ameriprise Financial Inc. now owns 197,362 shares of the company’s stock worth $16,847,000 after purchasing an additional 34,864 shares during the last quarter. Affinity Wealth Management LLC increased its stake in shares of Invesco DWA Momentum ETF by 2.8% during the 2nd quarter. Affinity Wealth Management LLC now owns 98,224 shares of the company’s stock worth $8,876,000 after purchasing an additional 2,713 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Invesco DWA Momentum ETF by 5.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,033 shares of the company’s stock worth $630,000 after purchasing an additional 358 shares during the last quarter. EWG Elevate Inc. purchased a new stake in shares of Invesco DWA Momentum ETF during the 2nd quarter worth approximately $1,528,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco DWA Momentum ETF by 42.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 78,709 shares of the company’s stock worth $6,967,000 after purchasing an additional 23,582 shares during the last quarter.

NASDAQ:PDP opened at $92.50 on Wednesday. Invesco DWA Momentum ETF has a 52 week low of $72.22 and a 52 week high of $95.27. The firm has a 50-day moving average price of $91.99 and a two-hundred day moving average price of $88.27.

Invesco DWA Momentum ETF Company Profile

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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