Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 262,889 shares, a growth of 404.7% from the June 30th total of 52,088 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 72,835 shares, the short-interest ratio is currently 3.6 days.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Developed Markets Momentum ETF stock traded down $0.21 during trading on Friday, hitting $51.71. The company’s stock had a trading volume of 355,896 shares, compared to its average volume of 93,279. The stock has a market cap of $726.53 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $44.76 and a 52 week high of $59.47. The stock has a 50-day moving average price of $55.14 and a two-hundred day moving average price of $53.75.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.4503 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a yield of 3.5%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC bought a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $41,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $97,000. Flagship Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at $122,000. Arax Advisory Partners bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at $133,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the second quarter worth $153,000.

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.