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

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 25,300 shares, a decrease of 52.4% from the February 28th total of 53,100 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 0.8 days.

Invesco DWA Developed Markets Momentum ETF Stock Performance

Shares of NASDAQ PIZ traded down $0.67 during midday trading on Friday, reaching $38.32. 6,480 shares of the company traded hands, compared to its average volume of 20,850. The stock’s 50-day simple moving average is $39.06 and its 200-day simple moving average is $37.89. Invesco DWA Developed Markets Momentum ETF has a 12 month low of $32.68 and a 12 month high of $40.48. The firm has a market cap of $185.85 million, a PE ratio of 19.68 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.1504 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco DWA Developed Markets Momentum ETF

Several hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in Invesco DWA Developed Markets Momentum ETF by 9.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,471 shares of the company’s stock worth $162,000 after acquiring an additional 392 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth $205,000. Comerica Bank increased its stake in shares of Invesco DWA Developed Markets Momentum ETF by 24.5% in the fourth quarter. Comerica Bank now owns 6,337 shares of the company’s stock valued at $230,000 after buying an additional 1,246 shares in the last quarter. Lunt Capital Management Inc. bought a new position in shares of Invesco DWA Developed Markets Momentum ETF in the fourth quarter valued at about $293,000. Finally, Avantax Advisory Services Inc. acquired a new position in Invesco DWA Developed Markets Momentum ETF during the 4th quarter worth about $295,000.

Invesco DWA 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.