Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 127.4% in May

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 84,224 shares, a growth of 127.4% from the April 30th total of 37,043 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 76,070 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

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

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

NASDAQ PIZ traded down $0.14 on Friday, reaching $58.04. The company had a trading volume of 68,061 shares, compared to its average volume of 97,981. The firm has a market cap of $798.05 million, a price-to-earnings ratio of 18.27 and a beta of 1.11. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $43.85 and a fifty-two week high of $59.47. The business has a 50 day moving average of $54.40 and a two-hundred day moving average of $51.95.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1519 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 1.0%.

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.