Short Interest in Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Drops By 49.8%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 120,810 shares, a drop of 49.8% from the August 15th total of 240,507 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 48,758 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

Several hedge funds have recently modified their holdings of PIE. Royal Bank of Canada boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% during the 1st quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock valued at $1,901,000 after acquiring an additional 21,658 shares during the last quarter. Private Advisor Group LLC bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter valued at $566,000. PFG Investments LLC lifted its position in Invesco Dorsey Wright Emerging Markets Momentum ETF by 166.0% during the first quarter. PFG Investments LLC now owns 37,171 shares of the company’s stock valued at $968,000 after purchasing an additional 23,198 shares during the last quarter. Barometer Capital Management Inc. bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF in the 1st quarter valued at about $601,000. Finally, NewEdge Advisors LLC grew its position in 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 worth $224,000 after acquiring an additional 8,555 shares in the last quarter.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

Shares of PIE traded down $0.39 during midday trading on Tuesday, hitting $32.63. 15,656 shares of the company traded hands, compared to its average volume of 64,649. The stock has a market cap of $230.37 million, a price-to-earnings ratio of 13.79 and a beta of 0.85. The firm has a 50 day moving average of $32.40 and a 200-day moving average of $30.78. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 52 week low of $22.58 and a 52 week high of $35.17.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

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