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

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

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

PIZ traded down $0.08 during trading on Wednesday, reaching $53.82. 22,993 shares of the stock were exchanged, compared to its average volume of 90,951. The stock’s 50 day moving average price is $53.78 and its two-hundred day moving average price is $53.98. Invesco Dorsey Wright Developed Markets Momentum ETF has a twelve month low of $45.44 and a twelve month high of $59.47. The stock has a market cap of $756.17 million, a P/E ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.4503 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.80 annualized dividend and a dividend yield of 3.3%.

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Highland Investment Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth about $29,000. Garton & Associates Financial Advisors LLC bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $41,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $97,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $122,000. Finally, Arax Advisory Partners bought a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth approximately $133,000.

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.