Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,313 shares, a decline of 84.4% from the July 15th total of 78,878 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 137,339 shares, the short-interest ratio is currently 0.1 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Down 0.3%

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF stock traded down $0.09 during trading hours on Friday, reaching $33.20. 19,034 shares of the company’s stock were exchanged, compared to its average volume of 66,261. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52-week low of $22.58 and a 52-week high of $35.17. The company has a fifty day moving average of $31.94 and a 200-day moving average of $29.69. The firm has a market capitalization of $255.64 million, a price-to-earnings ratio of 13.79 and a beta of 0.83.

Invesco Dorsey Wright Emerging 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 given a dividend of $0.218 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.87 annualized dividend and a yield of 2.6%.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,579 shares of the company’s stock valued at $392,000 after acquiring an additional 400 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 7.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,443 shares of the company’s stock worth $152,000 after acquiring an additional 453 shares during the last quarter. Cetera Investment Advisers grew its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 6.4% in the fourth quarter. Cetera Investment Advisers now owns 11,610 shares of the company’s stock valued at $274,000 after purchasing an additional 700 shares during the period. MGB Wealth Management LLC grew its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the second quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $42,000 after purchasing an additional 750 shares during the period. Finally, MML Investors Services LLC increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 3.9% during the fourth quarter. MML Investors Services LLC now owns 32,360 shares of the company’s stock worth $765,000 after purchasing an additional 1,203 shares during the last quarter.

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.