Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Rises By 127.4%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 84,224 shares, an increase of 127.4% from the April 30th total of 37,043 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 76,070 shares, the days-to-cover ratio is presently 1.1 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

NASDAQ PIZ traded up $0.03 on Monday, hitting $58.07. The company had a trading volume of 22,442 shares, compared to its average volume of 97,205. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12-month low of $43.85 and a 12-month high of $59.47. The company has a market capitalization of $798.46 million, a PE ratio of 18.27 and a beta of 1.11. The company’s fifty day moving average price is $54.40 and its 200-day moving average price is $51.98.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1519 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Trading of Invesco Dorsey Wright Developed Markets Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the 1st quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock valued at $8,268,000 after buying an additional 46,322 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% during the 1st quarter. Jane Street Group LLC now owns 40,053 shares of the company’s stock valued at $1,525,000 after buying an additional 22,603 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 worth $1,616,000 after acquiring an additional 35,025 shares during the period. Raymond James Financial Inc. raised its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 143.5% in the 2nd quarter. Raymond James Financial Inc. now owns 300,914 shares of the company’s stock valued at $13,827,000 after acquiring an additional 177,328 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock valued at $1,157,000 after acquiring an additional 239 shares in the last quarter.

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.