Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 404.7% in July

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 262,889 shares, an increase of 404.7% from the June 30th total of 52,088 shares. Based on an average daily volume of 72,835 shares, the short-interest ratio is presently 3.6 days. Currently, 1.9% of the company’s shares are short sold.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

NASDAQ:PIZ traded up $0.54 during trading hours on Monday, reaching $52.18. The company’s stock had a trading volume of 5,233 shares, compared to its average volume of 92,654. The firm has a market capitalization of $733.13 million, a price-to-earnings ratio of 18.27 and a beta of 1.10. The firm has a 50-day simple moving average of $55.14 and a 200-day simple moving average of $53.77. Invesco Dorsey Wright Developed Markets Momentum ETF has a 1 year low of $44.76 and a 1 year high of $59.47.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Developed Markets Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in Invesco Dorsey Wright Developed Markets Momentum ETF by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,002,892 shares of the company’s stock valued at $98,107,000 after acquiring an additional 60,477 shares during the period. LPL Financial LLC lifted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 29.1% in the fourth quarter. LPL Financial LLC now owns 620,114 shares of the company’s stock valued at $30,375,000 after purchasing an additional 139,939 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock valued at $30,342,000 after purchasing an additional 35,439 shares during the last quarter. Systelligence LLC boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 2.6% during the fourth quarter. Systelligence LLC now owns 369,149 shares of the company’s stock valued at $18,082,000 after purchasing an additional 9,252 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 341,130 shares of the company’s stock valued at $16,710,000 after purchasing an additional 27,734 shares during the period.

Invesco Dorsey Wright 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. This Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in developed markets including, but not limited to, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.