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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 5,767 shares, a decrease of 27.7% from the December 15th total of 7,974 shares. Based on an average trading volume of 15,667 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 15,667 shares, the short-interest ratio is presently 0.4 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of NASDAQ PIE traded down $0.22 during mid-day trading on Friday, hitting $25.41. 19,115 shares of the stock traded hands, compared to its average volume of 23,120. The company has a market cap of $125.78 million, a price-to-earnings ratio of 13.79 and a beta of 0.72. The stock has a fifty day moving average price of $24.31 and a 200-day moving average price of $23.48. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52 week low of $15.31 and a 52 week high of $25.69.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued 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 3.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PIE. Raymond James Financial Inc. lifted its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 54.7% during the 3rd quarter. Raymond James Financial Inc. now owns 869,151 shares of the company’s stock valued at $21,207,000 after acquiring an additional 307,189 shares during the period. M Holdings Securities Inc. increased its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 9.1% during the second quarter. M Holdings Securities Inc. now owns 411,704 shares of the company’s stock valued at $8,620,000 after purchasing an additional 34,174 shares in the last quarter. UBS Group AG lifted its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.5% during the third quarter. UBS Group AG now owns 193,166 shares of the company’s stock valued at $4,713,000 after purchasing an additional 8,322 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 7.5% in the 3rd quarter. NewSquare Capital LLC now owns 183,463 shares of the company’s stock worth $4,476,000 after purchasing an additional 12,727 shares in the last quarter. Finally, Maltin Wealth Management Inc. boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 3.3% in the 4th quarter. Maltin Wealth Management Inc. now owns 166,492 shares of the company’s stock worth $3,936,000 after purchasing an additional 5,337 shares in the last quarter.

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.