Short Interest in Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Drops By 43.9%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 78,878 shares, a decrease of 43.9% from the June 30th total of 140,621 shares. Based on an average trading volume of 135,997 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are short sold.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF stock traded up $0.75 during trading hours on Friday, hitting $29.82. The company’s stock had a trading volume of 187,565 shares, compared to its average volume of 65,263. The stock has a market cap of $229.61 million, a price-to-earnings ratio of 13.79 and a beta of 0.81. The firm has a fifty day moving average of $32.08 and a 200-day moving average of $29.23. Invesco Dorsey Wright Emerging Markets Momentum ETF has a twelve month low of $21.05 and a twelve month high of $35.17.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.9%.

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

Several large investors have recently added to or reduced their stakes in PIE. NewEdge Advisors LLC raised its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after purchasing an additional 8,555 shares in the last quarter. Royal Bank of Canada increased its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% during the first quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock worth $1,901,000 after buying an additional 21,658 shares during the period. Barometer Capital Management Inc. purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at $601,000. Nicholson Wealth Management Group LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at about $262,000. Finally, Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter worth approximately $143,000.

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.