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 closed out or covered. As of March 31st, traders have sold 21,300 shares of PDP short. Learn More on Invesco Dorsey Wright Momentum ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PDP shares currently have a short interest ratio of 1.0. Learn More on Invesco Dorsey Wright Momentum ETF's short interest ratio.

Invesco Dorsey Wright Momentum ETF saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 21,300 shares, an increase of 71.8% from the previous total of 12,400 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 (0.01%), First Trust Dorsey Wright International Focus 5 ETF (0.03%), First Trust Dorsey Wright Dynamic Focus 5 ETF (0.03%), First Trust International IPO ETF (0.00%), Invesco DWA Emerging Markets Momentum ETF (0.50%), Invesco DWA Developed Markets Momentum ETF (1.61%), First Trust DorseyWright DALI 1 ETF (0.02%), Invesco International BuyBack Achievers ETF (0.01%), SGI Dynamic Tactical ETF (2.40%), and First Trust Dorsey Wright Focus 5 ETF (0.05%).

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 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 down $1.08 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 increases 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 March, 31 2024.