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

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 25,300 shares, a decline of 52.4% from the February 28th total of 53,100 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Invesco DWA Developed Markets Momentum ETF Stock Down 1.7 %

Invesco DWA Developed Markets Momentum ETF stock traded down $0.67 during mid-day trading on Friday, reaching $38.32. 6,480 shares of the company’s stock traded hands, compared to its average volume of 20,850. Invesco DWA Developed Markets Momentum ETF has a 12-month low of $32.68 and a 12-month high of $40.48. The stock has a 50 day moving average of $39.04 and a two-hundred day moving average of $37.87. The company has a market cap of $185.85 million, a price-to-earnings ratio of 19.68 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.1504 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its position in Invesco DWA Developed Markets Momentum ETF by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 57,623 shares of the company’s stock valued at $2,093,000 after purchasing an additional 263 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Invesco DWA Developed Markets Momentum ETF by 9.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,471 shares of the company’s stock valued at $162,000 after buying an additional 392 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco DWA Developed Markets Momentum ETF during the 4th quarter valued at $5,463,000. Avantax Advisory Services Inc. bought a new stake in Invesco DWA Developed Markets Momentum ETF in the fourth quarter worth $295,000. Finally, Independent Advisor Alliance purchased a new position in Invesco DWA Developed Markets Momentum ETF during the fourth quarter worth $521,000.

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.