Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Down 47.4% in December

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,367 shares, a drop of 47.4% from the November 30th total of 6,398 shares. Based on an average daily trading volume, of 2,533 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 2,533 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several hedge funds have recently made changes to their positions in the business. Trueblood Wealth Management LLC grew its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% during the 2nd quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock worth $384,000 after acquiring an additional 285 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% during the second quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after purchasing an additional 65,748 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $34,000. Mason Investment Advisory Services Inc. purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the third quarter valued at $204,000. Finally, Susquehanna International Group LLP acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the third quarter valued at $547,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of PYZ stock traded down $2.27 during trading on Monday, hitting $111.90. 1,204 shares of the stock traded hands, compared to its average volume of 3,191. The firm has a market capitalization of $58.19 million, a P/E ratio of 19.97 and a beta of 1.33. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $71.72 and a 52-week high of $115.06. The firm’s fifty day moving average price is $106.35 and its 200-day moving average price is $102.95.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.1551 dividend. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco Dorsey Wright Basic Materials Momentum ETF

The Invesco DWA Basic Materials Momentum ETF (PYZ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of US basic materials firms selected and weighted by price momentum. PYZ was launched on Oct 12, 2006 and is managed by Invesco.