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 large decline in short interest during the month of December. As of December 31st, there was short interest totaling 5,767 shares, a decline of 27.7% from the December 15th total of 7,974 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,667 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 15,667 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PIE. Raymond James Financial Inc. increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 54.7% during the third quarter. Raymond James Financial Inc. now owns 869,151 shares of the company’s stock worth $21,207,000 after buying an additional 307,189 shares in the last quarter. M Holdings Securities Inc. lifted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 9.1% in the second quarter. M Holdings Securities Inc. now owns 411,704 shares of the company’s stock valued at $8,620,000 after acquiring an additional 34,174 shares in the last quarter. UBS Group AG boosted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.5% during the third quarter. UBS Group AG now owns 193,166 shares of the company’s stock valued at $4,713,000 after acquiring an additional 8,322 shares during the last quarter. NewSquare Capital LLC increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 7.5% during the 3rd quarter. NewSquare Capital LLC now owns 183,463 shares of the company’s stock worth $4,476,000 after purchasing an additional 12,727 shares in the last quarter. Finally, Maltin Wealth Management Inc. increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 3.3% during the 4th quarter. Maltin Wealth Management Inc. now owns 166,492 shares of the company’s stock worth $3,936,000 after purchasing an additional 5,337 shares in the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

NASDAQ:PIE traded down $0.22 during mid-day trading on Monday, hitting $25.41. 19,115 shares of the company’s stock traded hands, compared to its average volume of 23,120. The firm’s 50 day simple moving average is $24.31 and its 200 day simple moving average is $23.52. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1 year low of $15.31 and a 1 year high of $25.69. The company has a market cap of $125.78 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 disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.242 per share. This is a positive change from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.8%.

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.