Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Down 84.4% in July

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,313 shares, a decline of 84.4% from the July 15th total of 78,878 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 137,339 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PIE. NewEdge Advisors LLC lifted its stake in shares of 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 worth $224,000 after acquiring an additional 8,555 shares during the period. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% in the first quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock valued at $1,901,000 after purchasing an additional 21,658 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter worth $601,000. Nicholson Wealth Management Group LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter worth about $262,000. Finally, Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at $143,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Emerging Markets Momentum ETF stock remained flat at $33.39 during trading hours on Thursday. 95,430 shares of the stock traded hands, compared to its average volume of 66,568. Invesco Dorsey Wright Emerging Markets Momentum ETF has a fifty-two week low of $22.58 and a fifty-two week high of $35.17. The firm has a market cap of $257.10 million, a P/E ratio of 13.79 and a beta of 0.83. The company’s fifty day moving average price is $31.94 and its 200-day moving average price is $29.69.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.218 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.87 dividend on an annualized basis and a yield of 2.6%.

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.