Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Update

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 5,200 shares, a drop of 82.2% from the December 31st total of 29,200 shares. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco DWA Developed Markets Momentum ETF by 44.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 635,848 shares of the company’s stock valued at $24,092,000 after buying an additional 196,544 shares during the period. Apollon Wealth Management LLC bought a new position in Invesco DWA Developed Markets Momentum ETF in the third quarter valued at about $204,000. Finally, Lunt Capital Management Inc. acquired a new stake in Invesco DWA Developed Markets Momentum ETF in the fourth quarter worth about $293,000.

Invesco DWA Developed Markets Momentum ETF Price Performance

Shares of PIZ traded up $0.03 on Tuesday, hitting $38.02. The company’s stock had a trading volume of 7,657 shares, compared to its average volume of 34,039. The company has a market capitalization of $184.40 million, a PE ratio of 20.28 and a beta of 1.00. Invesco DWA Developed Markets Momentum ETF has a fifty-two week low of $31.85 and a fifty-two week high of $38.97. The company has a 50 day moving average price of $37.27 and a 200 day moving average price of $36.90.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2876 per share. The ex-dividend date was Monday, December 23rd.

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.