Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Down 52.4% in March

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 25,300 shares, a drop of 52.4% from the February 28th total of 53,100 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco DWA Developed Markets Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PIZ. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco DWA Developed Markets Momentum ETF by 12.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 712,320 shares of the company’s stock valued at $25,868,000 after acquiring an additional 76,472 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Invesco DWA Developed Markets Momentum ETF in the fourth quarter worth about $205,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Invesco DWA Developed Markets Momentum ETF by 15.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,102 shares of the company’s stock worth $403,000 after purchasing an additional 1,457 shares during the last quarter. Comerica Bank lifted its position in shares of Invesco DWA Developed Markets Momentum ETF by 24.5% in the fourth quarter. Comerica Bank now owns 6,337 shares of the company’s stock worth $230,000 after buying an additional 1,246 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Invesco DWA Developed Markets Momentum ETF during the fourth quarter valued at approximately $5,463,000.

Invesco DWA Developed Markets Momentum ETF Trading Down 1.7 %

PIZ traded down $0.67 on Friday, hitting $38.32. 6,480 shares of the company’s stock traded hands, compared to its average volume of 20,850. The company’s 50 day simple moving average is $39.04 and its 200-day simple moving average is $37.87. Invesco DWA Developed Markets Momentum ETF has a one year low of $32.68 and a one year high of $40.48. The firm has a market cap of $185.85 million, a price-to-earnings ratio of 19.68 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.1504 per share. The ex-dividend date is Monday, March 24th.

Invesco DWA Developed Markets Momentum ETF Company Profile

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.