Short Interest in Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Drops By 93.5%

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 61 shares, a drop of 93.5% from the August 15th total of 940 shares. Based on an average daily trading volume, of 87,236 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

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

Several institutional investors have recently added to or reduced their stakes in PIZ. Highland Investment Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter worth about $29,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at approximately $41,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at approximately $97,000. Flagship Wealth Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $122,000. Finally, Arax Advisory Partners bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter worth approximately $133,000.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

Shares of NASDAQ PIZ traded down $0.61 during trading on Thursday, reaching $53.40. 43,433 shares of the stock traded hands, compared to its average volume of 92,877. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52-week low of $45.74 and a 52-week high of $59.47. The company has a 50-day moving average of $53.24 and a 200-day moving average of $53.98. The stock has a market capitalization of $750.27 million, a P/E ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4503 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, June 22nd.

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.