Invesco Dorsey Wright Emerging Markets Momentum ETF (NASDAQ:PIE – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 140,621 shares, an increase of 128.8% from the June 15th total of 61,455 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 68,356 shares, the days-to-cover ratio is presently 2.1 days.
Institutional Investors Weigh In On Invesco Dorsey Wright Emerging Markets Momentum ETF
Several hedge funds have recently added to or reduced their stakes in PIE. Eagle Bay Advisors LLC bought a new position in shares of Invesco Dorsey Wright Emerging Markets Momentum ETF during the fourth quarter valued at $33,000. Sankala Group LLC bought a new position in Invesco Dorsey Wright Emerging Markets Momentum ETF in the 4th quarter worth about $43,000. MGB Wealth Management LLC boosted its stake in Invesco Dorsey Wright Emerging Markets Momentum ETF by 60.0% in the 2nd quarter. MGB Wealth Management LLC now owns 2,000 shares of the company’s stock worth $42,000 after purchasing an additional 750 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 4th quarter valued at about $82,000. Finally, Fifth Third Bancorp purchased a new stake in Invesco Dorsey Wright Emerging Markets Momentum ETF during the 1st quarter valued at about $143,000.
Invesco Dorsey Wright Emerging Markets Momentum ETF Stock Down 0.2%
Shares of NASDAQ PIE traded down $0.07 on Tuesday, reaching $31.94. 25,749 shares of the company’s stock traded hands, compared to its average volume of 58,993. The business’s 50 day simple moving average is $32.23 and its two-hundred day simple moving average is $28.69. Invesco Dorsey Wright Emerging Markets Momentum ETF has a 12 month low of $20.81 and a 12 month high of $35.17. The company has a market cap of $258.71 million, a price-to-earnings ratio of 13.79 and a beta of 0.81.
Invesco Dorsey Wright Emerging Markets Momentum ETF Dividend Announcement
About Invesco Dorsey Wright 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. stock exchange. The Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.
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