Invesco DWA Momentum ETF (NASDAQ:PDP) Short Interest Down 69.2% in December

Invesco DWA Momentum ETF (NASDAQ:PDP) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 3,300 shares, a decline of 69.2% from the December 15th total of 10,700 shares. Based on an average trading volume of 75,700 shares, the days-to-cover ratio is currently 0.0 days.

Shares of Invesco DWA Momentum ETF stock opened at $85.23 on Friday. The firm has a 50-day moving average of $94.12 and a 200-day moving average of $92.70. Invesco DWA Momentum ETF has a 52-week low of $78.43 and a 52-week high of $101.60.

Institutional investors have recently made changes to their positions in the company. Beacon Capital Management Inc. bought a new stake in shares of Invesco DWA Momentum ETF in the third quarter valued at about $31,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Invesco DWA Momentum ETF in the second quarter valued at about $45,000. Signature Securities Group Corporation bought a new stake in shares of Invesco DWA Momentum ETF in the third quarter valued at about $45,000. Barclays PLC bought a new stake in shares of Invesco DWA Momentum ETF in the third quarter valued at about $45,000. Finally, Samalin Investment Counsel LLC bought a new stake in shares of Invesco DWA Momentum ETF in the second quarter valued at about $54,000.

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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