Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Update

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 16,342 shares, a decline of 93.8% from the July 15th total of 262,889 shares. Based on an average daily volume of 93,399 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Dorsey Wright Developed Markets Momentum ETF Stock Up 0.1%

Shares of PIZ stock traded up $0.07 during trading hours on Tuesday, reaching $53.54. The company’s stock had a trading volume of 13,389 shares, compared to its average volume of 93,749. The firm’s 50 day simple moving average is $54.02 and its 200-day simple moving average is $53.90. The company has a market capitalization of $752.24 million, a price-to-earnings ratio of 18.27 and a beta of 1.11. Invesco Dorsey Wright Developed Markets Momentum ETF has a fifty-two week low of $45.44 and a fifty-two week high of $59.47.

Invesco Dorsey Wright Developed 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 given a dividend of $0.4503 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF during the 4th quarter valued at approximately $41,000. Kestra Advisory Services LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at approximately $97,000. Flagship Wealth Advisors LLC bought a new position in Invesco Dorsey Wright Developed Markets Momentum ETF in the 4th quarter valued at approximately $122,000. Arax Advisory Partners acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the fourth quarter valued at approximately $133,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco Dorsey Wright Developed Markets Momentum ETF in the second quarter valued at approximately $153,000.

About Invesco Dorsey Wright Developed Markets Momentum ETF

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.