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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 7,974 shares, a drop of 78.5% from the November 30th total of 37,023 shares. Based on an average daily trading volume, of 31,706 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,706 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of NASDAQ PIE remained flat at $24.33 during midday trading on Thursday. 8,945 shares of the company were exchanged, compared to its average volume of 29,358. The stock’s 50 day moving average is $24.12 and its 200-day moving average is $23.02. The firm has a market capitalization of $120.43 million, a P/E ratio of 13.79 and a beta of 0.72. Invesco Dorsey Wright Emerging Markets Momentum ETF has a fifty-two week low of $15.31 and a fifty-two week high of $24.78.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, December 22nd. This is a positive change 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

Institutional investors have recently bought and sold shares of the company. MGB Wealth Management LLC grew its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the second 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 position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 75.7% during the third quarter. Founders Financial Alliance LLC now owns 2,498 shares of the company’s stock worth $61,000 after purchasing an additional 1,076 shares during the period. Jones Financial Companies Lllp raised its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 20.2% in the third quarter. Jones Financial Companies Lllp now owns 6,134 shares of the company’s stock valued at $147,000 after purchasing an additional 1,031 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12.7% in the second quarter. Benjamin Edwards Inc. now owns 12,960 shares of the company’s stock worth $271,000 after buying an additional 1,464 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 3rd quarter worth $289,000.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

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.