Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Down 77.7% in June

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 21,138 shares, a drop of 77.7% from the May 31st total of 94,893 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 92,168 shares, the short-interest ratio is currently 0.2 days.

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

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after purchasing an additional 46,322 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% in the first quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock valued at $1,525,000 after purchasing an additional 22,603 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 23,826.5% in the second quarter. JPMorgan Chase & Co. now owns 35,172 shares of the company’s stock valued at $1,616,000 after purchasing an additional 35,025 shares in the last quarter. Raymond James Financial Inc. increased its position 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 purchasing an additional 177,328 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% in the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock worth $1,157,000 after purchasing an additional 239 shares during the last quarter.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Shares of PIZ stock traded up $0.23 during mid-day trading on Monday, reaching $55.01. 30,084 shares of the company’s stock traded hands, compared to its average volume of 95,716. The firm has a market capitalization of $756.39 million, a PE ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12 month low of $44.76 and a 12 month high of $59.47. The firm has a 50 day moving average price of $56.37 and a two-hundred day moving average price of $53.15.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.4503 dividend. This represents a $1.80 annualized dividend and a yield of 3.3%. 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.