Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Update

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 140,621 shares, an increase of 128.8% from the June 15th total of 61,455 shares. Based on an average daily volume of 68,356 shares, the short-interest ratio is presently 2.1 days. Currently, 1.7% of the company’s shares are sold short.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Up 1.6%

NASDAQ:PIE traded up $0.52 during mid-day trading on Wednesday, hitting $32.43. 36,770 shares of the stock traded hands, compared to its average volume of 58,822. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52 week low of $20.81 and a 52 week high of $35.17. The stock has a market capitalization of $262.68 million, a price-to-earnings ratio of 13.79 and a beta of 0.81. The firm’s 50 day moving average is $32.23 and its two-hundred day moving average is $28.69.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.218 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.87 annualized dividend and a yield of 2.7%.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PIE. Eagle Bay Advisors LLC acquired a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter valued at approximately $33,000. MGB Wealth Management LLC boosted its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% during the second quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock worth $42,000 after buying an additional 750 shares in the last quarter. Sankala Group LLC acquired a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 4th quarter worth about $43,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 4th quarter worth $82,000. Finally, Fifth Third Bancorp purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at about $143,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

PowerShares DWA Emerging Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (the Index). The Fund normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates’ classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.