Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Update

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 59,500 shares, an increase of 79.8% from the March 15th total of 33,100 shares. Based on an average daily volume of 119,100 shares, the days-to-cover ratio is presently 0.5 days.

Invesco DWA Developed Markets Momentum ETF Stock Performance

PIZ stock traded down $0.55 during mid-day trading on Friday, hitting $33.36. The company had a trading volume of 762 shares, compared to its average volume of 17,136. The firm has a market cap of $123.43 million, a PE ratio of 19.24 and a beta of 0.93. Invesco DWA Developed Markets Momentum ETF has a 12 month low of $27.16 and a 12 month high of $34.73. The stock’s fifty day moving average price is $33.68 and its two-hundred day moving average price is $31.26.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.088 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, March 18th.

Institutional Trading of Invesco DWA Developed Markets Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mission Capital LLC raised its holdings in Invesco DWA Developed Markets Momentum ETF by 432.5% during the 4th quarter. OLD Mission Capital LLC now owns 193,547 shares of the company’s stock valued at $6,147,000 after buying an additional 157,200 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco DWA Developed Markets Momentum ETF by 19.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,269 shares of the company’s stock worth $453,000 after acquiring an additional 2,288 shares in the last quarter. Lunt Capital Management Inc. grew its position in Invesco DWA Developed Markets Momentum ETF by 59.8% during the 4th quarter. Lunt Capital Management Inc. now owns 17,493 shares of the company’s stock valued at $556,000 after purchasing an additional 6,549 shares during the last quarter. Refined Wealth Management grew its position in Invesco DWA Developed Markets Momentum ETF by 6.5% during the 4th quarter. Refined Wealth Management now owns 75,463 shares of the company’s stock valued at $2,397,000 after purchasing an additional 4,610 shares during the last quarter. Finally, Trueblood Wealth Management LLC purchased a new stake in Invesco DWA Developed Markets Momentum ETF during the 4th quarter valued at about $797,000.

Invesco DWA 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.