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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 72,031 shares, an increase of 139.8% from the January 29th total of 30,035 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 35,703 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 35,703 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC bought a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter valued at approximately $33,000. MGB Wealth Management LLC raised its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% during the 2nd quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $42,000 after buying an additional 750 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 75.7% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,498 shares of the company’s stock worth $61,000 after acquiring an additional 1,076 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth $82,000. Finally, Comerica Bank grew its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 368.6% in the fourth quarter. Comerica Bank now owns 6,045 shares of the company’s stock worth $143,000 after acquiring an additional 4,755 shares in the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

NASDAQ:PIE opened at $28.32 on Friday. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52-week low of $15.31 and a 52-week high of $28.49. The stock has a fifty day moving average of $25.76 and a 200 day moving average of $24.57. The firm has a market capitalization of $143.02 million, a price-to-earnings ratio of 13.79 and a beta of 0.72.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.242 per share. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, December 22nd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.4%.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

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.