Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) Sees Large Drop in Short Interest

Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a decline of 80.0% from the February 28th total of 7,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 0.0 days.

Invesco DWA Emerging Markets Momentum ETF Stock Down 2.2 %

NASDAQ:PIE traded down $0.42 on Friday, reaching $18.37. 8,303 shares of the company’s stock were exchanged, compared to its average volume of 22,629. The business has a fifty day moving average of $18.89 and a 200-day moving average of $19.59. Invesco DWA Emerging Markets Momentum ETF has a 52-week low of $18.07 and a 52-week high of $22.15. The firm has a market capitalization of $90.93 million, a price-to-earnings ratio of 13.21 and a beta of 0.80.

Invesco DWA Emerging Markets Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.008 per share. The ex-dividend date is Monday, March 24th.

Hedge Funds Weigh In On Invesco DWA Emerging Markets Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its position in Invesco DWA Emerging Markets Momentum ETF by 27.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,187 shares of the company’s stock valued at $138,000 after purchasing an additional 1,545 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Invesco DWA Emerging Markets Momentum ETF by 6.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 9,851 shares of the company’s stock worth $189,000 after buying an additional 599 shares during the period. Whipplewood Advisors LLC acquired a new stake in Invesco DWA Emerging Markets Momentum ETF in the fourth quarter valued at approximately $362,000. MorganRosel Wealth Management LLC lifted its stake in Invesco DWA Emerging Markets Momentum ETF by 9.3% in the fourth quarter. MorganRosel Wealth Management LLC now owns 35,161 shares of the company’s stock worth $676,000 after acquiring an additional 2,994 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Invesco DWA Emerging Markets Momentum ETF by 30.8% in the fourth quarter. Jane Street Group LLC now owns 46,585 shares of the company’s stock worth $895,000 after acquiring an additional 10,967 shares during the last quarter.

About Invesco DWA Emerging Markets Momentum ETF

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.