Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Large Growth in Short Interest

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 135,900 shares, an increase of 708.9% from the November 15th total of 16,800 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 5.2 days.

Institutional Trading of Invesco DWA Developed Markets Momentum ETF

Large investors have recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC raised its holdings in Invesco DWA Developed Markets Momentum ETF by 8.7% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 4,573 shares of the company’s stock worth $163,000 after acquiring an additional 367 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 3rd quarter worth about $204,000. Commonwealth Equity Services LLC boosted its stake in Invesco DWA Developed Markets Momentum ETF by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 57,329 shares of the company’s stock valued at $2,047,000 after purchasing an additional 384 shares during the period. Del Sette Capital Management LLC grew its holdings in Invesco DWA Developed Markets Momentum ETF by 1,035.5% in the 2nd quarter. Del Sette Capital Management LLC now owns 156,415 shares of the company’s stock valued at $5,586,000 after buying an additional 142,640 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Invesco DWA Developed Markets Momentum ETF by 44.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 635,848 shares of the company’s stock worth $24,092,000 after buying an additional 196,544 shares during the period.

Invesco DWA Developed Markets Momentum ETF Stock Up 0.7 %

Shares of PIZ traded up $0.28 during mid-day trading on Wednesday, hitting $38.18. 10,680 shares of the company’s stock were exchanged, compared to its average volume of 18,094. Invesco DWA Developed Markets Momentum ETF has a twelve month low of $30.46 and a twelve month high of $38.91. The firm has a fifty day moving average of $37.57 and a two-hundred day moving average of $36.62. The stock has a market cap of $141.27 million, a price-to-earnings ratio of 20.28 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.032 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.13 annualized dividend and a yield of 0.34%.

About Invesco DWA 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.