Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 23.1% in April

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 35,200 shares, an increase of 23.1% from the March 31st total of 28,600 shares. Based on an average daily trading volume, of 43,900 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Invesco DWA Developed Markets Momentum ETF

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in Invesco DWA Developed Markets Momentum ETF in the 1st quarter worth about $139,000. Steward Partners Investment Advisory LLC increased its position in shares of Invesco DWA Developed Markets Momentum ETF by 9.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,471 shares of the company’s stock worth $162,000 after acquiring an additional 392 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in shares of Invesco DWA Developed Markets Momentum ETF during the fourth quarter valued at approximately $205,000. Apollon Wealth Management LLC purchased a new stake in shares of Invesco DWA Developed Markets Momentum ETF in the first quarter valued at approximately $205,000. Finally, Comerica Bank grew its stake in Invesco DWA Developed Markets Momentum ETF by 24.5% in the fourth quarter. Comerica Bank now owns 6,337 shares of the company’s stock worth $230,000 after purchasing an additional 1,246 shares in the last quarter.

Invesco DWA Developed Markets Momentum ETF Stock Performance

Shares of NASDAQ PIZ opened at $41.86 on Friday. Invesco DWA Developed Markets Momentum ETF has a fifty-two week low of $32.87 and a fifty-two week high of $42.15. The company has a market cap of $261.63 million, a price-to-earnings ratio of 19.09 and a beta of 1.00. The business’s 50 day moving average price is $39.06 and its 200-day moving average price is $38.19.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1504 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.