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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 16,342 shares, a drop of 93.8% from the July 15th total of 262,889 shares. Based on an average daily volume of 93,399 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 1.6%

NASDAQ PIZ traded up $0.83 on Wednesday, reaching $54.37. 24,980 shares of the company were exchanged, compared to its average volume of 93,296. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $45.44 and a fifty-two week high of $59.47. The stock has a market capitalization of $763.90 million, a P/E ratio of 18.27 and a beta of 1.11. The business’s fifty day moving average price is $54.02 and its 200 day moving average price is $53.90.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

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

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

Institutional investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter worth about $41,000. Kestra Advisory Services LLC purchased 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 purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at about $122,000. Arax Advisory Partners acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the fourth quarter worth about $133,000. Finally, BNP Paribas Financial Markets acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth about $153,000.

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.