Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Large Increase in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 72,031 shares, an increase of 139.8% from the January 29th total of 30,035 shares. Based on an average daily trading volume, of 35,703 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 35,703 shares, the short-interest ratio is presently 2.0 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

NASDAQ:PIE traded up $0.03 during midday trading on Friday, reaching $28.35. 19,840 shares of the stock traded hands, compared to its average volume of 38,950. The business has a 50-day moving average of $25.84 and a two-hundred day moving average of $24.61. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12-month low of $15.31 and a 12-month high of $28.49. The stock has a market capitalization of $143.17 million, a PE ratio of 13.79 and a beta of 0.72.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.242 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.97 annualized dividend and a yield of 3.4%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

Large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at $33,000. MGB Wealth Management LLC raised its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the 2nd quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $42,000 after purchasing an additional 750 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 75.7% in the 3rd quarter. Founders Financial Alliance LLC now owns 2,498 shares of the company’s stock valued at $61,000 after buying an additional 1,076 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 4th quarter valued at about $82,000. Finally, Comerica Bank grew its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 368.6% during the fourth quarter. Comerica Bank now owns 6,045 shares of the company’s stock worth $143,000 after buying an additional 4,755 shares in the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

PowerShares DWA Emerging Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (the Index). The Fund normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates’ classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.