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

Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 15,900 shares, a drop of 97.2% from the September 15th total of 567,300 shares. Based on an average daily trading volume, of 77,600 shares, the days-to-cover ratio is currently 0.2 days.

A number of large investors have recently modified their holdings of PIE. Eqis Capital Management Inc. purchased a new position in Invesco DWA Emerging Markets Momentum ETF in the 1st quarter worth $14,657,000. Sound Financial Strategies Group LLC purchased a new position in Invesco DWA Emerging Markets Momentum ETF in the 2nd quarter worth $3,545,000. UBS Group AG raised its position in Invesco DWA Emerging Markets Momentum ETF by 41.9% in the 1st quarter. UBS Group AG now owns 325,545 shares of the company’s stock worth $7,816,000 after purchasing an additional 96,191 shares during the period. Citadel Advisors LLC purchased a new position in Invesco DWA Emerging Markets Momentum ETF in the 1st quarter worth $1,476,000. Finally, Royal Bank of Canada increased its position in shares of Invesco DWA Emerging Markets Momentum ETF by 15.8% in the second quarter. Royal Bank of Canada now owns 288,053 shares of the company’s stock valued at $7,878,000 after acquiring an additional 39,237 shares during the period.

Shares of NASDAQ:PIE opened at $23.64 on Thursday. The company’s fifty day moving average is $24.98 and its 200 day moving average is $25.45. Invesco DWA Emerging Markets Momentum ETF has a 52 week low of $19.53 and a 52 week high of $27.85.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Tuesday, September 21st were given a $0.143 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Monday, September 20th. This is a boost from Invesco DWA Emerging Markets Momentum ETF’s previous quarterly dividend of $0.03.

Invesco DWA 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.

Further Reading: Average Daily Trade Volume Explained

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