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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 72,031 shares, a growth of 139.8% from the January 29th total of 30,035 shares. Based on an average daily volume of 35,703 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 35,703 shares, the days-to-cover ratio is presently 2.0 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Down 0.1%

Shares of NASDAQ PIE opened at $28.32 on Friday. The stock’s 50-day moving average is $25.76 and its 200 day moving average is $24.57. The stock has a market cap of $143.02 million, a price-to-earnings ratio of 13.79 and a beta of 0.72. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1-year low of $15.31 and a 1-year high of $28.49.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.242 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.4%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, December 22nd.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. lifted its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 54.7% in the third quarter. Raymond James Financial Inc. now owns 869,151 shares of the company’s stock worth $21,207,000 after purchasing an additional 307,189 shares during the last quarter. Wells Fargo & Company MN grew its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 606,771 shares of the company’s stock worth $14,343,000 after acquiring an additional 60,112 shares during the last quarter. M Holdings Securities Inc. increased its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 9.1% in the 2nd quarter. M Holdings Securities Inc. now owns 411,704 shares of the company’s stock worth $8,620,000 after purchasing an additional 34,174 shares during the period. UBS Group AG boosted its stake 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 period. Finally, NewSquare Capital LLC grew its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 7.5% in the third 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 during the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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.