Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Shares Shorted: Short Interest Down 59.7% in October

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 48,880 shares, a decrease of 59.7% from the September 30th total of 121,414 shares. Based on an average daily trading volume, of 45,675 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are short sold.

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

Shares of PIE traded down $1.18 during mid-day trading on Friday, reaching $31.26. The stock had a trading volume of 154,955 shares, compared to its average volume of 61,596. The business’s fifty day moving average is $33.74 and its 200 day moving average is $30.61. The firm has a market cap of $248.52 million, a price-to-earnings ratio of 13.79 and a beta of 0.84. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52-week low of $22.58 and a 52-week high of $35.79.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PIE. Maltin Wealth Management Inc. purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 3rd quarter worth approximately $6,295,000. Wagner Wealth Management Corp acquired a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter valued at about $4,238,000. Royal Bank of Canada boosted its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% during the first quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock worth $1,901,000 after purchasing an additional 21,658 shares in the last quarter. Trueblood Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter valued at about $1,051,000. Finally, PFG Investments LLC lifted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 166.0% in the first quarter. PFG Investments LLC now owns 37,171 shares of the company’s stock valued at $968,000 after acquiring an additional 23,198 shares in 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.