Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 240,507 shares, a growth of 1,853.3% from the July 30th total of 12,313 shares. Based on an average trading volume of 77,627 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

Several institutional investors have recently bought and sold shares of PIE. Sankala Group LLC purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter worth $43,000. MGB Wealth Management LLC boosted its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the second quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock valued at $42,000 after acquiring an additional 750 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter worth about $82,000. Fifth Third Bancorp acquired a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the first quarter worth about $143,000. Finally, Comerica Bank increased its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 368.6% during the fourth quarter. Comerica Bank now owns 6,045 shares of the company’s stock worth $143,000 after acquiring an additional 4,755 shares during the period.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Up 1.6%

Shares of PIE stock opened at $33.32 on Wednesday. The company has a market capitalization of $256.56 million, a P/E ratio of 13.79 and a beta of 0.83. The business’s 50 day moving average is $32.16 and its two-hundred day moving average is $30.08. Invesco Dorsey Wright Emerging Markets Momentum ETF has a twelve month low of $22.58 and a twelve month high of $35.17.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.87 annualized dividend and a dividend yield of 2.6%.

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.