Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Stock Short Interest Declines 59.7%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 48,880 shares, a decrease of 59.7% from the September 30th total of 121,414 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 45,675 shares, the short-interest ratio is presently 1.1 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Up 1.7%

Shares of PIE stock opened at $33.09 on Thursday. Invesco Dorsey Wright Emerging Markets Momentum ETF has a fifty-two week low of $22.58 and a fifty-two week high of $35.79. The stock has a market cap of $263.07 million, a P/E ratio of 13.79 and a beta of 0.84. The business has a fifty day simple moving average of $33.79 and a 200-day simple moving average of $30.54.

Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2575 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.03 annualized dividend and a dividend yield of 3.1%. This is a boost from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.2180.

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

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the third quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at about $143,000. NewEdge Advisors LLC grew its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% in the first quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after purchasing an additional 8,555 shares during the last quarter. Nicholson Wealth Management Group LLC acquired a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter valued at approximately $262,000. Finally, Steinberganna Wealth Management acquired a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter valued at approximately $445,000.

About Invesco Dorsey Wright Emerging Markets Momentum ETF

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.