Invesco Dorsey Wright Momentum ETF (PDP) Short Interest Ratio & Short Volume

Short interest is the volume of Invesco Dorsey Wright Momentum ETF shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 11,400 shares of PDP short. Learn More on Invesco Dorsey Wright Momentum ETF's current short interest.

Invesco Dorsey Wright Momentum ETF saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 11,400 shares, a decrease of 15.6% from the previous total of 13,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Invesco Dorsey Wright Momentum ETF: Invesco BuyBack Achievers ETF (0.03%), First Trust Dorsey Wright International Focus 5 ETF (0.07%), First Trust Dorsey Wright Dynamic Focus 5 ETF (0.03%), First Trust International IPO ETF (0.00%), Invesco DWA Emerging Markets Momentum ETF (0.09%), Invesco DWA Developed Markets Momentum ETF (0.82%), First Trust DorseyWright DALI 1 ETF (0.02%), Invesco International BuyBack Achievers ETF (3.39%), SGI Dynamic Tactical ETF (0.01%), and First Trust Dorsey Wright Focus 5 ETF (0.04%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling PDP is an investing strategy that aims to generate trading profit from Invesco Dorsey Wright Momentum ETF as its price is falling. PDP shares are trading up $0.46 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Invesco Dorsey Wright Momentum ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PDP, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PDP, twice per month. The most recent reporting period available is April, 15 2024.