Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Declines By 94.2%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 940 shares, a drop of 94.2% from the July 30th total of 16,342 shares. Based on an average daily trading volume, of 75,349 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Invesco Dorsey Wright Developed Markets Momentum ETF stock traded up $0.64 during trading hours on Tuesday, hitting $53.90. The company had a trading volume of 61,521 shares, compared to its average volume of 91,379. The firm has a market cap of $757.29 million, a P/E ratio of 18.27 and a beta of 1.11. The company has a 50-day moving average price of $53.78 and a two-hundred day moving average price of $53.98. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $45.44 and a 1 year high of $59.47.

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 $0.4503 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 46.3% during the fourth quarter. Royal Bank of Canada now owns 577,277 shares of the company’s stock valued at $28,276,000 after buying an additional 182,667 shares during the period. Raymond James Financial Inc. lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% in the second quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock worth $13,827,000 after acquiring an additional 177,328 shares during the period. LPL Financial LLC lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% in 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. Cetera Investment Advisers grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% during the 1st quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock worth $7,237,000 after acquiring an additional 71,727 shares in the last quarter. Finally, Redstone Wealth Management LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 1st quarter worth about $3,198,000.

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.