Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 146.4% in June

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,088 shares, an increase of 146.4% from the June 15th total of 21,138 shares. Based on an average daily volume of 66,185 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PIZ. Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,538 shares of the company’s stock worth $173,000 after purchasing an additional 222 shares during the period. Bank of America Corp DE boosted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 25,182 shares of the company’s stock valued at $1,157,000 after purchasing an additional 239 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,673 shares of the company’s stock valued at $327,000 after purchasing an additional 328 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.2% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 4,927 shares of the company’s stock worth $241,000 after buying an additional 372 shares in the last quarter. Finally, Trueblood Wealth Management LLC lifted its position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 1.9% during the 4th quarter. Trueblood Wealth Management LLC now owns 20,587 shares of the company’s stock worth $1,008,000 after buying an additional 383 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Trading Up 2.2%

NASDAQ PIZ traded up $1.15 during trading on Tuesday, hitting $53.71. 1,776 shares of the company traded hands, compared to its average volume of 92,649. The business has a fifty day simple moving average of $56.17 and a 200 day simple moving average of $53.58. Invesco Dorsey Wright Developed Markets Momentum ETF has a 12 month low of $44.76 and a 12 month high of $59.47. The company has a market capitalization of $746.57 million, a P/E ratio of 18.27 and a beta of 1.10.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4503 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%.

Invesco Dorsey Wright 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. 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.