Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Shares Shorted: Short Interest Up 27,011.5% in September

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 16,538 shares, an increase of 27,011.5% from the August 31st total of 61 shares. Based on an average daily trading volume, of 90,885 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

PIZ stock traded up $0.04 during trading on Thursday, hitting $53.26. The stock had a trading volume of 46,662 shares, compared to its average volume of 89,676. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1-year low of $45.74 and a 1-year high of $59.47. The company’s 50 day moving average price is $53.16 and its two-hundred day moving average price is $53.93. The stock has a market cap of $665.75 million, a price-to-earnings ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% during the 1st quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock valued at $30,342,000 after buying an additional 35,439 shares during the period. Envestnet Asset Management Inc. grew its holdings 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 acquiring an additional 77,755 shares in the last quarter. Cetera Investment Advisers increased its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% in the first quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock valued at $7,237,000 after buying an additional 71,727 shares during the last quarter. Redstone Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 1st quarter valued at approximately $3,198,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 5.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 62,474 shares of the company’s stock worth $3,060,000 after purchasing an additional 3,189 shares during the period.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.