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

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant 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. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 66,185 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% during the 1st quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock valued at $8,268,000 after purchasing an additional 46,322 shares during the period. Jane Street Group LLC lifted its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% in the 1st quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock worth $1,525,000 after purchasing an additional 22,603 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 23,826.5% during the second quarter. JPMorgan Chase & Co. now owns 35,172 shares of the company’s stock valued at $1,616,000 after purchasing an additional 35,025 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% during the second quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock valued at $13,827,000 after purchasing an additional 177,328 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock valued at $1,157,000 after buying an additional 239 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Down 1.8%

NASDAQ:PIZ traded down $0.97 during midday trading on Thursday, hitting $52.59. The stock had a trading volume of 13,654 shares, compared to its average volume of 92,940. The stock has a 50-day moving average of $55.98 and a 200 day moving average of $53.64. The company has a market capitalization of $731.00 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a one year low of $44.76 and a one year high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

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

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.