Short Interest in Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Increases By 87.5%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 75,855 shares, a growth of 87.5% from the April 30th total of 40,449 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 58,352 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Invesco Dorsey Wright Emerging Markets Momentum ETF

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter worth about $289,000. EP Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter worth about $354,000. Osaic Holdings Inc. lifted its stake in 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 acquiring an additional 8,138 shares during the period. Susquehanna International Group LLP purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the third quarter worth about $452,000. Finally, &PARTNERS lifted its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 278.5% in the fourth quarter. &PARTNERS now owns 32,308 shares of the company’s stock worth $764,000 after acquiring an additional 23,772 shares during the period.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Up 1.6%

Shares of PIE opened at $33.16 on Tuesday. The firm has a market capitalization of $217.20 million, a P/E ratio of 13.79 and a beta of 0.82. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12-month low of $19.32 and a 12-month high of $33.31. The firm has a fifty day moving average price of $29.52 and a 200-day moving average price of $26.87.

Invesco Dorsey Wright Emerging Markets Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.0265 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 23rd.

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.