Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 14,400 shares, a decline of 29.1% from the May 15th total of 20,300 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF

Several institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 48,217.4% in the first quarter. Jones Financial Companies Lllp now owns 1,261,084 shares of the company’s stock valued at $22,927,000 after purchasing an additional 1,258,474 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the fourth quarter valued at about $12,882,000. OLD Mission Capital LLC lifted its position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 1,180.7% during the 4th quarter. OLD Mission Capital LLC now owns 459,570 shares of the company’s stock valued at $8,833,000 after acquiring an additional 423,687 shares during the period. Del Sette Capital Management LLC purchased a new stake in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter worth approximately $2,699,000. Finally, Citadel Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF by 356.8% in the 4th quarter. Citadel Advisors LLC now owns 117,295 shares of the company’s stock worth $2,254,000 after acquiring an additional 91,619 shares during the period.

Invesco Dorsey Wright Emerging Markets Momentum ETF Trading Up 2.3%

Shares of PIE stock opened at $20.70 on Tuesday. The stock has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $18.90. The company has a market cap of $95.22 million, a price-to-earnings ratio of 12.98 and a beta of 0.79. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12-month low of $15.31 and a 12-month high of $22.00.

Invesco Dorsey Wright Emerging 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 issued a $0.008 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dorsey Wright Emerging Markets Momentum ETF Company Profile

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.