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

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the target of a large decline in short interest in 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 NASDAQ PIZ traded down $0.22 during mid-day trading on Friday, hitting $36.59. The company’s stock had a trading volume of 6,308 shares, compared to its average volume of 18,087. Invesco DWA Developed Markets Momentum ETF has a one year low of $30.86 and a one year high of $38.91. The company’s fifty day simple moving average is $37.47 and its 200-day simple moving average is $36.73. The stock has a market cap of $135.38 million, a price-to-earnings ratio of 20.28 and a beta of 1.00.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PIZ. Carolinas Wealth Consulting LLC raised 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 purchasing an additional 367 shares during the period. Apollon Wealth Management LLC acquired a new stake in Invesco DWA Developed Markets Momentum ETF during the 3rd quarter worth approximately $204,000. Commonwealth Equity Services LLC lifted its stake in Invesco DWA Developed Markets Momentum ETF by 0.7% in the second quarter. Commonwealth Equity Services LLC now owns 57,329 shares of the company’s stock valued at $2,047,000 after buying an additional 384 shares in the last quarter. Del Sette Capital Management LLC boosted its holdings in shares of Invesco DWA Developed Markets Momentum ETF by 1,035.5% in the second 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 period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of 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 in the last quarter.

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.