Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Grows By 146.4%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 52,088 shares, an increase of 146.4% from the June 15th total of 21,138 shares. Based on an average trading volume of 66,185 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

PIZ stock traded up $0.07 during midday trading on Wednesday, reaching $53.55. The company’s stock had a trading volume of 97,825 shares, compared to its average volume of 93,522. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $44.76 and a 1 year high of $59.47. The firm has a market capitalization of $744.35 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. The stock has a fifty day simple moving average of $56.09 and a two-hundred day simple moving average of $53.61.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4503 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 46.3% during the fourth quarter. Royal Bank of Canada now owns 577,277 shares of the company’s stock valued at $28,276,000 after buying an additional 182,667 shares during the period. Raymond James Financial Inc. lifted its stake 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 acquiring an additional 177,328 shares during the period. LPL Financial LLC grew its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% during the 4th quarter. LPL Financial LLC now owns 620,114 shares of the company’s stock worth $30,375,000 after acquiring an additional 139,939 shares in the last quarter. Cetera Investment Advisers increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% during the 1st quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock valued at $7,237,000 after purchasing an additional 71,727 shares during the period. Finally, Redstone Wealth Management LLC purchased a new position in Invesco Dorsey Wright Developed Markets Momentum ETF during the 1st quarter valued at about $3,198,000.

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.