Invesco Dorsey Wright Momentum ETF (PDP)Large Growth | Exchange Traded Fund | NasdaqGM
133.80 USD
-3.19
(-2.329%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 133.80 |
Hot Take ↕ | Aug. 22, 2026, 2:55 a.m. EDT
The Invesco Dorsey Wright Momentum ETF presents a classic case of a strong long-term trend meeting immediate short-term exhaustion. Over the last nine years, the fund has delivered exceptional returns, climbing nearly 160% with eight out of nine years showing positive growth. The business logic remains sound, as the fund tracks high-quality momentum stocks which have historically outperformed during recovery phases. However, the recent price action tells a different story for the immediate future. After rallying significantly in 2024 and 2025, the fund is currently trading below its 50-day moving average, indicating that the immediate momentum has stalled. More concerning is the options data, which reveals a massive buildup of put open interest at the October expiration, signaling that traders are bracing for a sharp pullback. While the long-term thesis remains intact given the robust historical performance and lack of consecutive negative years recently, the short-term outlook is clouded by this defensive positioning and the technical breakdown. Investors should view this as a consolidation phase rather than a trend reversal, but the immediate risk of a deeper dip is elevated. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.087099 |
| AutoARIMA | 0.088479 |
| MSTL | 0.091871 |
| AutoTheta | 0.109995 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 48% |
| H-stat | 1.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.455 |
| Excess Kurtosis | 0.87 |
| Attribute | Value |
|---|---|
| Trailing P/E | 34.88 |
As of Aug. 22, 2026, 2:55 a.m. EDT: Speculators are positioning defensively with heavy put volume at the October expiration, creating a significant wall of resistance around the current price level. While there is some call interest at strikes slightly above the money, the overwhelming majority of open interest and volume in puts suggests a fear of a near-term correction or a test of lower support levels.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.10% | 0.10% | 0.16% | 0.25% |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-09-22 | 0.113 | 0.095958 |
| 2025-06-23 | 0.043 | 0.040501 |
| 2025-03-24 | 0.046 | 0.043814 |
| 2024-12-23 | 0.134 | 0.122085 |
| 2024-03-18 | 0.028 | 0.029221 |
| 2023-12-18 | 0.096 | 0.113623 |
| 2023-09-18 | 0.028 | 0.035358 |
| 2023-06-20 | 0.107 | 0.137497 |
| 2023-03-20 | 0.126 | 0.172437 |
| 2022-12-19 | 0.239 | 0.338767 |
| 2022-09-19 | 0.083 | 0.113948 |
| 2020-06-22 | 0.024 | 0.035513 |
| 2020-03-23 | 0.071 | 0.154718 |
| 2019-12-23 | 0.047 | 0.073140 |
| 2019-09-23 | 0.068 | 0.110408 |
| 2019-06-24 | 0.047 | 0.078034 |
| 2018-12-24 | 0.043 | 0.094944 |
| 2018-09-24 | 0.007 | 0.011836 |
| 2018-06-18 | 0.035 | 0.060711 |
| 2017-09-18 | 0.087 | 0.179049 |
| 2017-06-16 | 0.056 | 0.119378 |
| 2016-12-16 | 0.194 | 0.458737 |
| 2016-09-16 | 0.043 | 0.102430 |
| 2016-06-17 | 0.102 | 0.247994 |
| 2015-12-18 | 0.026 | 0.063492 |
| 2015-09-18 | 0.033 | 0.078571 |
| 2015-06-19 | 0.054 | 0.122895 |
| 2015-03-20 | 0.047 | 0.105499 |
| 2014-09-19 | 0.063 | 0.156716 |
| 2013-12-20 | 0.025 | 0.069195 |
| 2013-09-20 | 0.034 | 0.099941 |
| 2013-06-21 | 0.045 | 0.146867 |
| 2012-12-21 | 0.175 | 0.627015 |
| 2012-09-21 | 0.018 | 0.064609 |
| 2012-06-15 | 0.045 | 0.170648 |
| 2011-12-16 | 0.022 | 0.094340 |
| 2011-09-16 | 0.017 | 0.070335 |
| 2010-12-17 | 0.037 | 0.157783 |
| 2010-06-18 | 0.018 | 0.089109 |
| 2009-12-18 | 0.007 | 0.038189 |
| 2009-09-18 | 0.018 | 0.100111 |
| 2009-06-19 | 0.075 | 0.519031 |
| 2008-12-19 | 0.039 | 0.272156 |
| 2007-09-21 | 0.025 | 0.094949 |
| Attribute | Value |
|---|---|
| All Time High | 153.23 |
| All Time Low | 9.0 |
| Ask | 140.44 |
| Ask Size | 7 |
| Average Daily Volume10 Day | 20,070 |
| Average Daily Volume3 Month | 25,336 |
| Average Volume | 25,336 |
| Average Volume10Days | 20,070 |
| Beta3 Year | 1.24 |
| Bid | 140.03 |
| Bid Size | 7 |
| Category | Large Growth |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 136.91 |
| Day Low | 133.8 |
| Dividend Date | 1,506,643,200 |
| Dividend Yield | 0.08 |
| Eps Trailing Twelve Months | 3.8361306 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 140.1452 |
| Fifty Day Average Change | -6.3451996 |
| Fifty Day Average Change Percent | -0.045275897 |
| Fifty Two Week Change Percent | 20.573128 |
| Fifty Two Week High | 153.23 |
| Fifty Two Week High Change | -19.429993 |
| Fifty Two Week High Change Percent | -0.1268028 |
| Fifty Two Week Low | 106.53 |
| Fifty Two Week Low Change | 27.270004 |
| Fifty Two Week Low Change Percent | 0.25598428 |
| Fifty Two Week Range | 106.53 - 153.23 |
| First Trade Date Milliseconds | 1,172,759,400,000 |
| Five Year Average Return | 0.0798656 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -3.19 |
| Fullday Change Percent | -2.32864 |
| Fullday Price | 133.8 |
| Fund Family | Invesco |
| Fund Inception Date | 1,172,707,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of approximately 100 securities from the Nasdaq U.S. Large CapTM Index or Nasdaq U.S. Mid CapTM Index.of approximately 100 securities from an eligible universe of approximately 1,000 securities of the largest constituents by market capitalization within the NASDAQ U.S. benchmark index™. |
| Long Name | Invesco Dorsey Wright Momentum ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_32987496 |
| Nav Price | 137.22 |
| Net Assets | 1,445,793,280.0 |
| Net Expense Ratio | 0.62 |
| Open | 136.91 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 133.8 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 136.99 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -3.19 |
| Regular Market Change Percent | -2.32864 |
| Regular Market Day High | 136.91 |
| Regular Market Day Low | 133.8 |
| Regular Market Day Range | 133.8 - 136.91 |
| Regular Market Open | 136.91 |
| Regular Market Previous Close | 136.99 |
| Regular Market Price | 133.8 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 10,760 |
| Short Name | Invesco Dorsey Wright Momentum |
| Source Interval | 15 |
| Symbol | PDP |
| Three Year Average Return | 0.2054277 |
| Total Assets | 1,445,793,280 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 34.878895 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -2.24596 |
| Trailing Three Month Returns | -2.24596 |
| Triggerable | 1 |
| Two Hundred Day Average | 130.4083 |
| Two Hundred Day Average Change | 3.3917084 |
| Two Hundred Day Average Change Percent | 0.026008379 |
| Type Disp | ETF |
| Volume | 10,760 |
| Yield | 0.0008 |
| Ytd Return | 14.81354 |