Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Shares Shorted: Short Interest Up 27,011.5% in September

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 16,538 shares, a growth of 27,011.5% from the August 31st total of 61 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 90,885 shares, the short-interest ratio is currently 0.2 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 0.1%

Shares of PIZ traded up $0.04 during trading hours on Thursday, reaching $53.26. The company’s stock had a trading volume of 46,662 shares, compared to its average volume of 89,676. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1-year low of $45.74 and a 1-year high of $59.47. The firm has a market cap of $665.75 million, a price-to-earnings ratio of 18.27 and a beta of 1.11. The company has a 50 day moving average of $53.16 and a two-hundred day moving average of $53.93.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 21st will be paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, September 21st. This is a negative change from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock worth $18,464,000 after acquiring an additional 77,755 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $309,000. Lunt Capital Management Inc. bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth about $771,000. Integrated Wealth Concepts LLC acquired a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter valued at approximately $448,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 35.6% in the second quarter. NewEdge Advisors LLC now owns 44,925 shares of the company’s stock worth $2,317,000 after acquiring an additional 11,797 shares in the last quarter.

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.