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 target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 262,889 shares, a growth of 404.7% from the June 30th total of 52,088 shares. Based on an average daily volume of 72,835 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.9% of the shares of the company are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,002,892 shares of the company’s stock worth $98,107,000 after buying an additional 60,477 shares in the last quarter. LPL Financial LLC grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% during the fourth quarter. LPL Financial LLC now owns 620,114 shares of the company’s stock worth $30,375,000 after acquiring an additional 139,939 shares during the period. Royal Bank of Canada raised its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock worth $30,342,000 after acquiring an additional 35,439 shares in the last quarter. Systelligence LLC lifted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 2.6% in the fourth quarter. Systelligence LLC now owns 369,149 shares of the company’s stock valued at $18,082,000 after acquiring an additional 9,252 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 8.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 341,130 shares of the company’s stock valued at $16,710,000 after acquiring an additional 27,734 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Invesco Dorsey Wright Developed Markets Momentum ETF stock traded down $0.21 during trading hours on Friday, reaching $51.71. 355,896 shares of the stock were exchanged, compared to its average volume of 93,279. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $44.76 and a 52-week high of $59.47. The stock has a market cap of $726.53 million, a P/E ratio of 18.27 and a beta of 1.10. The firm’s 50 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 dividend of $0.4503 per share. This represents a $1.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco Dorsey Wright 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. 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.