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

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 78,878 shares, a decrease of 43.9% from the June 30th total of 140,621 shares. Based on an average trading volume of 135,997 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s stock are sold short.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Up 2.0%

Shares of NASDAQ:PIE traded up $0.58 on Thursday, hitting $28.96. 7,865 shares of the company traded hands, compared to its average volume of 64,304. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52 week low of $21.05 and a 52 week high of $35.17. The stock has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $29.20. The company has a market cap of $230.23 million, a PE ratio of 13.79 and a beta of 0.81.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PIE. Private Advisor Group LLC bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at approximately $566,000. PFG Investments LLC increased its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 166.0% in the 1st quarter. PFG Investments LLC now owns 37,171 shares of the company’s stock worth $968,000 after purchasing an additional 23,198 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter worth $601,000. Osaic Holdings Inc. raised its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 91.8% in the fourth quarter. Osaic Holdings Inc. now owns 17,005 shares of the company’s stock worth $402,000 after purchasing an additional 8,138 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,579 shares of the company’s stock worth $392,000 after purchasing an additional 400 shares during the last quarter.

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.