Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Up 708.9% in November

Invesco DWA Developed Markets Momentum ETF (NASDAQ:PIZ) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 135,900 shares, an increase of 708.9% from the November 15th total of 16,800 shares. Based on an average daily volume of 26,100 shares, the days-to-cover ratio is currently 5.2 days.

Invesco DWA Developed Markets Momentum ETF Price Performance

Shares of PIZ stock traded up $0.28 on Wednesday, hitting $38.18. 10,680 shares of the stock traded hands, compared to its average volume of 18,094. The company has a market capitalization of $141.27 million, a PE ratio of 20.28 and a beta of 1.00. The company’s fifty day moving average is $37.57 and its 200 day moving average is $36.62. Invesco DWA Developed Markets Momentum ETF has a 1-year low of $30.46 and a 1-year high of $38.91.

Invesco DWA Developed Markets Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.032 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.13 dividend on an annualized basis and a yield of 0.34%.

Institutional Investors Weigh In On Invesco DWA Developed Markets Momentum ETF

Hedge funds have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC raised its position in shares of Invesco DWA Developed Markets Momentum ETF by 8.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 4,573 shares of the company’s stock worth $163,000 after buying an additional 367 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Invesco DWA Developed Markets Momentum ETF during the third quarter valued at $204,000. Commonwealth Equity Services LLC grew its stake in Invesco DWA Developed Markets Momentum ETF by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 57,329 shares of the company’s stock valued at $2,047,000 after acquiring an additional 384 shares in the last quarter. Del Sette Capital Management LLC grew its stake in Invesco DWA Developed Markets Momentum ETF by 1,035.5% during the 2nd quarter. Del Sette Capital Management LLC now owns 156,415 shares of the company’s stock valued at $5,586,000 after acquiring an additional 142,640 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 purchasing an additional 196,544 shares during the period.

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.