Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Declines By 93.8%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 16,342 shares, a drop of 93.8% from the July 15th total of 262,889 shares. Based on an average trading volume of 93,399 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 0.4%

PIZ traded up $0.22 on Thursday, hitting $54.55. The company had a trading volume of 27,397 shares, compared to its average volume of 92,958. The business’s fifty day simple moving average is $53.97 and its 200 day simple moving average is $53.92. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12-month low of $45.44 and a 12-month high of $59.47. The company has a market cap of $766.43 million, a PE ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

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

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

Several large investors have recently modified their holdings of PIZ. PFG Advisors purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth about $1,549,000. UBS Group AG raised its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 7.0% in the 4th quarter. UBS Group AG now owns 294,971 shares of the company’s stock worth $14,449,000 after purchasing an additional 19,183 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 1st quarter worth about $2,153,000. Formidable Asset Management LLC lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 133.9% in the first quarter. Formidable Asset Management LLC now owns 19,100 shares of the company’s stock worth $936,000 after purchasing an additional 10,935 shares during the last quarter. Finally, Petra Financial Advisors Inc. bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the first quarter worth about $681,000.

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.