Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Decreases By 94.2%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 940 shares, a decline of 94.2% from the July 30th total of 16,342 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 75,349 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Shares of PIZ traded up $0.64 during mid-day trading on Tuesday, hitting $53.90. 61,521 shares of the stock were exchanged, compared to its average volume of 91,379. The company has a market cap of $757.29 million, a PE ratio of 18.27 and a beta of 1.11. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $45.44 and a 52-week high of $59.47. The firm has a 50-day moving average of $53.78 and a two-hundred day moving average of $53.98.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company 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. This represents a $1.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, June 22nd.

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

Several hedge funds have recently added to or reduced their stakes in PIZ. Wells Fargo & Company MN lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,002,892 shares of the company’s stock worth $98,107,000 after purchasing an additional 60,477 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% in the fourth quarter. LPL Financial LLC now owns 620,114 shares of the company’s stock worth $30,375,000 after buying an additional 139,939 shares during the period. Royal Bank of Canada raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock worth $30,342,000 after buying an additional 35,439 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 341,130 shares of the company’s stock worth $16,710,000 after acquiring an additional 27,734 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% during the 2nd quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock worth $13,827,000 after acquiring an additional 177,328 shares during the last quarter.

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.