Short Interest in Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Rises By 2,694.7%

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 53,100 shares, an increase of 2,694.7% from the February 13th total of 1,900 shares. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the shares of the stock are sold short.

Invesco DWA Developed Markets Momentum ETF Price Performance

NASDAQ PIZ opened at $38.90 on Thursday. The stock’s 50 day simple moving average is $38.40 and its 200-day simple moving average is $37.68. The company has a market cap of $200.34 million, a PE ratio of 19.94 and a beta of 1.06. Invesco DWA Developed Markets Momentum ETF has a 1-year low of $32.68 and a 1-year high of $40.48.

Invesco DWA Developed Markets Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.2876 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco DWA Developed Markets Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PIZ. Wells Fargo & Company MN raised its position in shares of Invesco DWA Developed Markets Momentum ETF by 417.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,040,526 shares of the company’s stock valued at $37,787,000 after buying an additional 839,290 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco DWA Developed Markets Momentum ETF in the 4th quarter valued at about $5,463,000. LPL Financial LLC lifted its stake in Invesco DWA Developed Markets Momentum ETF by 249.6% in the 4th quarter. LPL Financial LLC now owns 101,064 shares of the company’s stock worth $3,670,000 after purchasing an additional 72,152 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Invesco DWA Developed Markets Momentum ETF during the 4th quarter worth approximately $521,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Invesco DWA Developed Markets Momentum ETF in the fourth quarter valued at approximately $297,000.

Invesco DWA Developed Markets Momentum ETF Company Profile

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.