Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 146.4% in June

by · The Markets Daily

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 52,088 shares, a growth of 146.4% from the June 15th total of 21,138 shares. Based on an average daily trading volume, of 66,185 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Performance

Shares of PIZ traded up $1.15 during midday trading on Tuesday, hitting $53.71. 1,776 shares of the stock traded hands, compared to its average volume of 92,649. The firm has a market capitalization of $746.57 million, a PE ratio of 18.27 and a beta of 1.10. The business’s 50 day moving average price is $56.17 and its two-hundred day moving average price is $53.58. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in Invesco Dorsey Wright Developed Markets Momentum ETF by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,002,892 shares of the company’s stock valued at $98,107,000 after purchasing an additional 60,477 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of 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 in the last quarter. Royal Bank of Canada boosted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% during the 1st quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock worth $30,342,000 after acquiring an additional 35,439 shares during the period. Systelligence LLC boosted its holdings 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 worth $18,082,000 after purchasing an additional 9,252 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 8.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 341,130 shares of the company’s stock valued at $16,710,000 after acquiring an additional 27,734 shares in the last quarter.

About Invesco Dorsey Wright Developed Markets Momentum ETF

(Get Free Report)

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.

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