Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Large Decline in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 78,878 shares, a drop of 43.9% from the June 30th total of 140,621 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 135,997 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Performance

NASDAQ PIE traded down $0.76 during trading on Wednesday, hitting $28.84. The stock had a trading volume of 44,841 shares, compared to its average volume of 64,673. The stock has a market capitalization of $229.28 million, a price-to-earnings ratio of 13.79 and a beta of 0.81. The stock has a 50 day simple moving average of $32.16 and a 200 day simple moving average of $29.18. Invesco Dorsey Wright Emerging Markets Momentum ETF has a one year low of $21.05 and a one year high of $35.17.

Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued 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 3.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. increased its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 54.7% in the 3rd quarter. Raymond James Financial Inc. now owns 869,151 shares of the company’s stock worth $21,207,000 after buying an additional 307,189 shares during the period. Jane Street Group LLC grew its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 330.7% during the 2nd quarter. Jane Street Group LLC now owns 162,292 shares of the company’s stock worth $3,398,000 after buying an additional 124,608 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 606,771 shares of the company’s stock worth $14,343,000 after acquiring an additional 60,112 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter worth about $809,000. Finally, &PARTNERS grew its holdings in Invesco Dorsey Wright Emerging Markets Momentum ETF by 278.5% during the 4th quarter. &PARTNERS now owns 32,308 shares of the company’s stock worth $764,000 after acquiring an additional 23,772 shares in the last quarter.

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.