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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 262,889 shares, an increase of 404.7% from the June 30th total of 52,088 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,835 shares, the short-interest ratio is currently 3.6 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

PIZ traded down $0.21 on Friday, hitting $51.71. 355,896 shares of the company were exchanged, compared to its average volume of 93,279. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $44.76 and a fifty-two week high of $59.47. The firm has a market capitalization of $726.53 million, a P/E ratio of 18.27 and a beta of 1.10. The business’s fifty day moving average is $55.14 and its 200 day moving average is $53.75.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.4503 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.5%.

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

Several hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth $41,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at $97,000. Flagship Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth $122,000. Arax Advisory Partners purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth about $133,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the 2nd quarter valued at about $153,000.

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.