Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Shares Shorted: Short Interest Up 260.6% in September

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 59,637 shares, a growth of 260.6% from the September 15th total of 16,538 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 25,904 shares, the short-interest ratio is currently 2.3 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

NASDAQ:PIZ traded down $0.17 during mid-day trading on Monday, reaching $50.79. The stock had a trading volume of 26,109 shares, compared to its average volume of 87,083. The stock has a 50-day simple moving average of $53.34 and a two-hundred day simple moving average of $54.13. The stock has a market capitalization of $632.34 million, a PE ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12 month low of $45.74 and a 12 month high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1275 per share. The ex-dividend date was Monday, September 21st. This is a drop from Invesco Dorsey Wright Developed Markets Momentum ETF’s previous quarterly dividend of $0.4502. This represents a $0.51 annualized dividend and a yield of 1.0%.

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

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% in the 1st quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock valued at $30,342,000 after purchasing an additional 35,439 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 360,890 shares of the company’s stock worth $18,464,000 after buying an additional 77,755 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 96.4% during the 1st quarter. Cetera Investment Advisers now owns 146,141 shares of the company’s stock worth $7,237,000 after buying an additional 71,727 shares during the last quarter. Redstone Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 1st quarter worth $3,198,000. Finally, Baird Financial Group Inc. bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 2nd quarter worth $3,429,000.

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.