Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Stock Short Interest Falls 59.7%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 48,880 shares, a decline of 59.7% from the September 30th total of 121,414 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 45,675 shares, the days-to-cover ratio is presently 1.1 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Down 4.0%

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF stock traded down $1.30 during trading on Friday, hitting $31.14. 153,218 shares of the stock were exchanged, compared to its average volume of 61,514. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1-year low of $22.58 and a 1-year high of $35.79. The stock has a market capitalization of $247.52 million, a price-to-earnings ratio of 13.79 and a beta of 0.84. The company has a fifty day moving average price of $33.78 and a 200-day moving average price of $30.58.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2575 per share. The ex-dividend date was Monday, September 21st. This represents a $1.03 annualized dividend and a dividend yield of 3.3%. This is an increase from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trueblood Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 3rd quarter valued at about $1,051,000. Steinberganna Wealth Management acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter valued at approximately $445,000. Wagner Wealth Management Corp bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 3rd quarter worth $4,238,000. IFP Advisors Inc acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 3rd quarter valued at $27,000. Finally, Maltin Wealth Management Inc. bought a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the third quarter worth about $6,295,000.

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.