Short Interest in Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) Rises By 269.8%

Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 23,300 shares, an increase of 269.8% from the September 30th total of 6,300 shares. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Invesco DWA Emerging Markets Momentum ETF

Several hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC raised its position in shares of Invesco DWA Emerging Markets Momentum ETF by 7.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 9,223 shares of the company’s stock worth $197,000 after purchasing an additional 600 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Invesco DWA Emerging Markets Momentum ETF by 3.6% during the 1st quarter. EP Wealth Advisors LLC now owns 20,256 shares of the company’s stock worth $422,000 after purchasing an additional 702 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Invesco DWA Emerging Markets Momentum ETF by 1.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 44,880 shares of the company’s stock worth $935,000 after purchasing an additional 816 shares during the last quarter. MorganRosel Wealth Management LLC raised its position in shares of Invesco DWA Emerging Markets Momentum ETF by 3.3% during the 3rd quarter. MorganRosel Wealth Management LLC now owns 32,167 shares of the company’s stock worth $663,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Invesco DWA Emerging Markets Momentum ETF by 10.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,549 shares of the company’s stock worth $396,000 after purchasing an additional 1,705 shares during the last quarter.

Invesco DWA Emerging Markets Momentum ETF Stock Up 0.1 %

Shares of PIE stock traded up $0.02 during mid-day trading on Friday, hitting $20.57. 6,438 shares of the stock were exchanged, compared to its average volume of 23,064. The firm has a fifty day moving average of $20.42 and a 200 day moving average of $20.90. Invesco DWA Emerging Markets Momentum ETF has a 52-week low of $17.35 and a 52-week high of $22.15. The company has a market cap of $126.51 million, a PE ratio of 10.25 and a beta of 0.79.

Invesco DWA Emerging Markets Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco DWA Emerging Markets Momentum ETF

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.