Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Down 78.5% in December

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 7,974 shares, a decline of 78.5% from the November 30th total of 37,023 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 31,706 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 31,706 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.9% in the first quarter. Royal Bank of Canada now owns 45,347 shares of the company’s stock worth $824,000 after purchasing an additional 2,122 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 48,217.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,261,084 shares of the company’s stock worth $22,927,000 after buying an additional 1,258,474 shares during the last quarter. Lunt Capital Management Inc. bought a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 2nd quarter worth about $788,000. Whipplewood Advisors LLC raised its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,321.2% during the 2nd quarter. Whipplewood Advisors LLC now owns 20,495 shares of the company’s stock valued at $429,000 after buying an additional 20,330 shares in the last quarter. Finally, MorganRosel Wealth Management LLC lifted its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.8% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 41,110 shares of the company’s stock valued at $861,000 after acquiring an additional 1,895 shares during the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of PIE remained flat at $24.33 during midday trading on Thursday. 8,945 shares of the company’s stock traded hands, compared to its average volume of 29,358. The stock has a market cap of $120.43 million, a PE ratio of 13.79 and a beta of 0.72. The firm has a 50 day simple moving average of $24.12 and a 200 day simple moving average of $23.02. Invesco Dorsey Wright Emerging Markets Momentum ETF has a twelve month low of $15.31 and a twelve month high of $24.78.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.242 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.97 annualized dividend and a yield of 4.0%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08.

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.