Short Interest in Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Expands By 25.5%
by Doug Wharley · The Cerbat GemInvesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE – Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,236 shares, a growth of 25.5% from the December 31st total of 5,767 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 23,486 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 23,486 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.
Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Down 0.4%
PIE traded down $0.11 on Monday, hitting $25.66. The company had a trading volume of 19,533 shares, compared to its average volume of 20,749. The company’s fifty day moving average price is $24.71 and its 200 day moving average price is $23.89. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 1 year low of $15.31 and a 1 year high of $27.13. The firm has a market cap of $129.58 million, a P/E ratio of 13.79 and a beta of 0.72.
Invesco Dorsey Wright Emerging Markets Momentum ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.242 dividend. This is a positive change from Invesco Dorsey Wright Emerging Markets Momentum ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.8%.
Hedge Funds Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.9% in the 1st quarter. Royal Bank of Canada now owns 45,347 shares of the company’s stock valued at $824,000 after purchasing an additional 2,122 shares during the last quarter. Lunt Capital Management Inc. purchased a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the second quarter worth $788,000. Whipplewood Advisors LLC boosted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,321.2% during the second quarter. Whipplewood Advisors LLC now owns 20,495 shares of the company’s stock worth $429,000 after buying an additional 20,330 shares during the period. MorganRosel Wealth Management LLC grew its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 4.8% in the second quarter. MorganRosel Wealth Management LLC now owns 41,110 shares of the company’s stock valued at $861,000 after buying an additional 1,895 shares in the last quarter. Finally, Maltin Wealth Management Inc. raised its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 1.6% in the 2nd quarter. Maltin Wealth Management Inc. now owns 158,509 shares of the company’s stock valued at $3,319,000 after buying an additional 2,499 shares during the period.
About Invesco Dorsey Wright Emerging Markets Momentum ETF
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.