The Invesco Dorsey Wright Momentum ETF (PDP) experienced a significant outflow of approximately $250.7 million, representing a 16.0% week-over-week decrease in shares outstanding, dropping from 14,650,000 to 12,310,000. This change indicates notable investor activity within the ETF.
As of the latest trade, PDP is priced at $106.26, within its 52-week range of $83.91 to $117.67. The ETF’s price performance is also tracked against its 200-day moving average, highlighting market trends.
Key underlying components affecting PDP’s performance today include Applovin Corp (APP), down about 2%, Copart Inc (CPRT), down 0.8%, and Fiserv Inc (FI), up 0.2%.
