Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Update

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large increase in short interest in the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,885 shares, the short-interest ratio is currently 0.2 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 0.1%

PIZ stock opened at $53.26 on Friday. The firm’s 50-day moving average is $53.17 and its two-hundred day moving average is $53.94. The company has a market capitalization 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 has a 52 week low of $45.74 and a 52 week high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 21st will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a negative change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. This represents a $0.51 annualized dividend and a yield of 1.0%.

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

Several hedge funds have recently modified their holdings of PIZ. Royal Bank of Canada lifted 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 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 second 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 during the period. Cetera Investment Advisers raised its position 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 worth $7,237,000 after acquiring an additional 71,727 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $3,429,000. Finally, Redstone Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 1st quarter valued at about $3,198,000.

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.