Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Drop in Short Interest

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 21,138 shares, a drop of 77.7% from the May 31st total of 94,893 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 92,168 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 217,141 shares of the company’s stock worth $8,268,000 after buying an additional 46,322 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 129.5% in the first 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. raised its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 23,826.5% in the second quarter. JPMorgan Chase & Co. now owns 35,172 shares of the company’s stock worth $1,616,000 after buying an additional 35,025 shares in the last quarter. Raymond James Financial Inc. boosted its stake in 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 buying an additional 177,328 shares during the period. Finally, Bank of America Corp DE raised its holdings 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 Stock Performance

Shares of PIZ stock opened at $54.78 on Friday. The company has a 50-day simple moving average of $56.37 and a 200 day simple moving average of $53.12. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $44.76 and a 52 week high of $59.47. The company has a market capitalization of $753.23 million, a price-to-earnings ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.4503 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a yield of 3.3%.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.