Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Drop in Short Interest

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 34,800 shares, a decrease of 38.4% from the October 15th total of 56,500 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Invesco DWA Developed Markets Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in PIZ. Janney Montgomery Scott LLC lifted its stake in shares of Invesco DWA Developed Markets Momentum ETF by 24.6% in the first quarter. Janney Montgomery Scott LLC now owns 11,342 shares of the company’s stock valued at $391,000 after buying an additional 2,237 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Invesco DWA Developed Markets Momentum ETF by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 57,329 shares of the company’s stock valued at $2,047,000 after acquiring an additional 384 shares in the last quarter. Del Sette Capital Management LLC boosted its stake in Invesco DWA Developed Markets Momentum ETF by 1,035.5% during the 2nd quarter. Del Sette Capital Management LLC now owns 156,415 shares of the company’s stock valued at $5,586,000 after purchasing an additional 142,640 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Invesco DWA Developed Markets Momentum ETF by 8.7% in the second quarter. Carolinas Wealth Consulting LLC now owns 4,573 shares of the company’s stock worth $163,000 after purchasing an additional 367 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco DWA Developed Markets Momentum ETF by 44.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 635,848 shares of the company’s stock valued at $24,092,000 after purchasing an additional 196,544 shares in the last quarter.

Invesco DWA Developed Markets Momentum ETF Price Performance

Shares of NASDAQ:PIZ traded down $0.23 during mid-day trading on Friday, hitting $36.92. The company had a trading volume of 14,720 shares, compared to its average volume of 18,236. Invesco DWA Developed Markets Momentum ETF has a one year low of $29.41 and a one year high of $38.44. The firm has a fifty day moving average price of $37.33 and a 200 day moving average price of $36.20. The company has a market capitalization of $136.60 million, a PE ratio of 20.28 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.032 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco DWA Developed Markets Momentum ETF

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.