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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 108,484 shares, a decline of 24.3% from the March 15th total of 143,335 shares. Based on an average daily volume of 28,926 shares, the short-interest ratio is currently 3.8 days. Approximately 1.8% of the shares of the stock are sold short.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Up 0.8%

PIE stock opened at $29.11 on Wednesday. The company’s 50-day moving average price is $26.82 and its 200 day moving average price is $25.30. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52 week low of $16.89 and a 52 week high of $29.24. The company has a market cap of $179.03 million, a P/E ratio of 13.79 and a beta of 0.74.

Invesco Dorsey Wright Emerging Markets Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.0265 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.11 annualized dividend and a dividend yield of 0.4%.

Hedge Funds Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 54.7% during the third quarter. Raymond James Financial Inc. now owns 869,151 shares of the company’s stock worth $21,207,000 after purchasing an additional 307,189 shares during the last quarter. Jane Street Group LLC increased its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 330.7% in the second quarter. Jane Street Group LLC now owns 162,292 shares of the company’s stock valued at $3,398,000 after buying an additional 124,608 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 606,771 shares of the company’s stock valued at $14,343,000 after buying an additional 60,112 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth $809,000. Finally, &PARTNERS raised its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 278.5% during the 4th quarter. &PARTNERS now owns 32,308 shares of the company’s stock worth $764,000 after buying an additional 23,772 shares during the last quarter.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

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.