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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 75,855 shares, a growth of 87.5% from the April 30th total of 40,449 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 58,352 shares, the short-interest ratio is presently 1.3 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Down 1.0%

Shares of PIE stock opened at $32.85 on Thursday. The firm has a 50 day moving average price of $29.81 and a two-hundred day moving average price of $26.99. The company has a market capitalization of $215.17 million, a PE ratio of 13.79 and a beta of 0.82. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12-month low of $19.70 and a 12-month high of $33.31.

Invesco Dorsey Wright Emerging Markets Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.0265 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.11 annualized dividend and a yield of 0.3%.

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

Several hedge funds have recently bought and sold shares of PIE. Eagle Bay Advisors LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter worth approximately $33,000. MGB Wealth Management LLC lifted its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% during the second quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock worth $42,000 after acquiring an additional 750 shares during the last quarter. Sankala Group LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter worth approximately $43,000. Founders Financial Alliance LLC lifted 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 acquiring an additional 1,076 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter worth approximately $82,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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.