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 large 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 shares of the company are short sold. Based on an average daily trading volume, of 76,070 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Invesco Dorsey Wright Developed Markets Momentum ETF stock remained flat at $58.04 on Tuesday. 60,547 shares of the company’s stock traded hands, compared to its average volume of 97,617. The stock has a market capitalization of $798.05 million, a price-to-earnings ratio of 18.27 and a beta of 1.11. The firm has a 50 day simple moving average of $54.57 and a two-hundred day simple moving average of $52.05. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12-month low of $43.85 and a 12-month high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

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

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

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