Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Drop in Short Interest

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 21,138 shares, a decrease of 77.7% from the May 31st total of 94,893 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,168 shares, the short-interest ratio is presently 0.2 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Down 1.4%

Shares of PIZ stock opened at $54.78 on Friday. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12-month low of $44.76 and a 12-month high of $59.47. The business has a 50-day moving average price of $56.37 and a two-hundred day moving average price of $53.12. The firm has a market cap of $753.23 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4503 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a dividend yield of 3.3%.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter valued at about $41,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at about $97,000. Flagship Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at about $122,000. Arax Advisory Partners purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at about $133,000. Finally, BNP Paribas Financial Markets bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter worth approximately $153,000.

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.