Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Down 78.5% in December

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 29,200 shares, a decline of 78.5% from the November 30th total of 135,900 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is currently 1.0 days.

Invesco DWA Developed Markets Momentum ETF Stock Performance

Shares of PIZ traded up $0.24 during mid-day trading on Thursday, hitting $36.88. 11,202 shares of the company were exchanged, compared to its average volume of 18,103. Invesco DWA Developed Markets Momentum ETF has a 1-year low of $30.86 and a 1-year high of $38.91. The stock has a market cap of $136.46 million, a price-to-earnings ratio of 20.28 and a beta of 1.00. The company has a 50 day moving average of $37.49 and a 200-day moving average of $36.73.

Invesco DWA Developed Markets Momentum ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be paid a $0.2876 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PIZ. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco DWA Developed Markets Momentum ETF by 44.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 635,848 shares of the company’s stock worth $24,092,000 after purchasing an additional 196,544 shares during the last quarter. Del Sette Capital Management LLC raised its holdings in Invesco DWA Developed Markets Momentum ETF by 1,035.5% in the 2nd quarter. Del Sette Capital Management LLC now owns 156,415 shares of the company’s stock valued at $5,586,000 after acquiring an additional 142,640 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Invesco DWA Developed Markets Momentum ETF in the 3rd quarter worth approximately $204,000. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco DWA Developed Markets Momentum ETF by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 57,329 shares of the company’s stock worth $2,047,000 after purchasing an additional 384 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Invesco DWA Developed Markets Momentum ETF by 8.7% in the second quarter. Carolinas Wealth Consulting LLC now owns 4,573 shares of the company’s stock valued at $163,000 after purchasing an additional 367 shares in the last quarter.

Invesco DWA 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.