Short Interest in Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Rises By 128.8%

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 140,621 shares, a growth of 128.8% from the June 15th total of 61,455 shares. Based on an average daily volume of 68,356 shares, the short-interest ratio is currently 2.1 days. Currently, 1.7% of the shares of the company are sold short.

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

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

Invesco Dorsey Wright Emerging Markets Momentum ETF Price Performance

Invesco Dorsey Wright Emerging Markets Momentum ETF stock traded down $0.07 during midday trading on Tuesday, reaching $31.94. 25,749 shares of the company traded hands, compared to its average volume of 58,993. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12 month low of $20.81 and a 12 month high of $35.17. The business has a 50 day moving average of $32.23 and a two-hundred day moving average of $28.69. The firm has a market capitalization of $258.71 million, a price-to-earnings ratio of 13.79 and a beta of 0.81.

Invesco Dorsey Wright Emerging Markets Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.218 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.87 dividend on an annualized basis and a yield of 2.7%.

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.