Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Update

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 17,700 shares, an increase of 50.0% from the September 15th total of 11,800 shares. Based on an average trading volume of 32,200 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 32,200 shares, the short-interest ratio is presently 0.5 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

Shares of NASDAQ PIE opened at $23.57 on Thursday. The company has a market cap of $116.67 million, a price-to-earnings ratio of 13.79 and a beta of 0.79. The stock’s 50-day moving average is $23.85 and its two-hundred day moving average is $21.17. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1-year low of $15.31 and a 1-year high of $24.78.

Invesco Dorsey Wright Emerging Markets Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.0809 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.32 annualized dividend and a yield of 1.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MGB Wealth Management LLC raised its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the 2nd quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $42,000 after purchasing an additional 750 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 12,960 shares of the company’s stock worth $271,000 after acquiring an additional 1,464 shares in the last quarter. Whipplewood Advisors LLC raised its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,321.2% during the 2nd quarter. Whipplewood Advisors LLC now owns 20,495 shares of the company’s stock worth $429,000 after acquiring an additional 20,330 shares in the last quarter. Lunt Capital Management Inc. purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 2nd quarter worth approximately $788,000. Finally, MorganRosel Wealth Management LLC boosted its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 11.5% in the 1st quarter. MorganRosel Wealth Management LLC now owns 39,215 shares of the company’s stock valued at $713,000 after buying an additional 4,054 shares in the last quarter.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

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.