Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Sees Significant Drop in Short Interest

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 29,200 shares, a decline of 78.5% from the November 30th total of 135,900 shares. Based on an average trading volume of 28,000 shares, the days-to-cover ratio is presently 1.0 days.

Invesco DWA Developed Markets Momentum ETF Price Performance

Shares of PIZ traded up $0.24 during mid-day trading on Thursday, reaching $36.88. The stock had a trading volume of 11,202 shares, compared to its average volume of 18,103. Invesco DWA Developed Markets Momentum ETF has a 52-week low of $30.86 and a 52-week high of $38.91. The firm has a market cap of $136.46 million, a price-to-earnings ratio of 20.28 and a beta of 1.00. The business’s fifty day moving average is $37.49 and its 200 day moving average is $36.73.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.2876 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Invesco DWA Developed Markets Momentum ETF

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

Invesco DWA Developed Markets Momentum ETF Company Profile

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.