Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Short Interest Update

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 120,810 shares, a decline of 49.8% from the August 15th total of 240,507 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 48,758 shares, the short-interest ratio is presently 2.5 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Up 1.0%

NASDAQ PIE traded up $0.33 during trading on Wednesday, hitting $32.96. The company had a trading volume of 11,981 shares, compared to its average volume of 64,351. Invesco Dorsey Wright Emerging Markets Momentum ETF has a one year low of $22.58 and a one year high of $35.17. The company has a market cap of $232.70 million, a price-to-earnings ratio of 13.79 and a beta of 0.85. The company’s fifty day moving average is $32.42 and its 200-day moving average is $30.81.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.218 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.87 annualized dividend and a dividend yield of 2.6%.

Hedge Funds Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

A number of institutional investors have recently bought and sold shares of PIE. NewEdge Advisors LLC lifted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 12,580.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,623 shares of the company’s stock valued at $224,000 after purchasing an additional 8,555 shares during the period. Royal Bank of Canada grew its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 42.2% in the first quarter. Royal Bank of Canada now owns 73,019 shares of the company’s stock worth $1,901,000 after purchasing an additional 21,658 shares during the period. Barometer Capital Management Inc. purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter worth $601,000. Nicholson Wealth Management Group LLC bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter worth $262,000. Finally, Fifth Third Bancorp bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the first quarter worth $143,000.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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.