Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Up 128.8% in June

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 140,621 shares, a growth of 128.8% from the June 15th total of 61,455 shares. Based on an average daily volume of 68,356 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC boosted 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 during the period. Barometer Capital Management Inc. bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter valued at approximately $601,000. Nicholson Wealth Management Group LLC bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter valued at approximately $262,000. Fifth Third Bancorp purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter valued at $143,000. Finally, Private Advisor Group LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter valued at $566,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of NASDAQ:PIE traded down $0.57 on Thursday, reaching $31.86. The company’s stock had a trading volume of 14,619 shares, compared to its average volume of 58,495. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52-week low of $20.81 and a 52-week high of $35.17. The company has a market cap of $258.07 million, a P/E ratio of 13.79 and a beta of 0.81. The company has a 50-day simple moving average of $32.24 and a 200 day simple moving average of $28.75.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.218 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.7%.

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.