Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Large Decline in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 12,313 shares, a drop of 84.4% from the July 15th total of 78,878 shares. Based on an average daily volume of 137,339 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

Shares of PIE stock traded up $0.56 during trading on Wednesday, reaching $33.09. The company’s stock had a trading volume of 19,938 shares, compared to its average volume of 65,278. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1-year low of $22.58 and a 1-year high of $35.17. The stock’s 50-day moving average price is $31.92 and its 200 day moving average price is $29.59. The company has a market capitalization of $254.79 million, a price-to-earnings ratio of 13.79 and a beta of 0.83.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

A number of large investors have recently modified their holdings of PIE. Eagle Bay Advisors LLC acquired a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 4th quarter valued at about $33,000. Sankala Group LLC acquired a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth about $43,000. MGB Wealth Management LLC raised its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% during the 2nd quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock worth $42,000 after acquiring an additional 750 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter worth approximately $82,000. Finally, Fifth Third Bancorp purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter worth approximately $143,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.