Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Shares Shorted: Short Interest Up 260.6% in September

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 59,637 shares, a growth of 260.6% from the September 15th total of 16,538 shares. Based on an average daily volume of 25,904 shares, the short-interest ratio is currently 2.3 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of hedge funds have recently made changes to their positions in PIZ. Envestnet Asset Management Inc. increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock worth $18,464,000 after purchasing an additional 77,755 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at approximately $309,000. Lunt Capital Management Inc. acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $771,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $448,000. Finally, NewEdge Advisors LLC boosted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 35.6% in the second quarter. NewEdge Advisors LLC now owns 44,925 shares of the company’s stock valued at $2,317,000 after buying an additional 11,797 shares in the last quarter.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 0.4%

NASDAQ PIZ traded up $0.20 on Tuesday, hitting $50.99. 3,319 shares of the company’s stock were exchanged, compared to its average volume of 86,652. The stock has a 50-day moving average of $53.34 and a 200-day moving average of $54.13. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $45.74 and a 52 week high of $59.47. The stock has a market cap of $634.83 million, a price-to-earnings ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.0%. This is a decrease from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. The ex-dividend date of this dividend was Monday, September 21st.

Invesco Dorsey Wright Developed Markets Momentum ETF Company Profile

PowerShares DWA Developed Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Developed Markets Technical Leaders Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of developed economies within Dorsey Wright & Associates’ classification definition, excluding the United States companies listed on the United States stock exchange. This Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in developed markets including, but not limited to, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.