Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Up 51.6% in December

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,105 shares, a growth of 51.6% from the December 15th total of 3,367 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,643 shares, the short-interest ratio is presently 3.1 days. Based on an average daily volume of 1,643 shares, the short-interest ratio is presently 3.1 days. Approximately 0.7% of the company’s shares are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Invesco Dorsey Wright Basic Materials Momentum ETF stock traded down $0.65 during mid-day trading on Friday, hitting $125.53. The company’s stock had a trading volume of 1,752 shares, compared to its average volume of 6,296. The company has a 50 day moving average of $110.25 and a 200-day moving average of $105.51. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $71.72 and a one year high of $126.60. The stock has a market cap of $92.89 million, a PE ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1551 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Several large investors have recently added to or reduced their stakes in PYZ. Maltin Wealth Management Inc. increased its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the fourth quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock worth $607,000 after acquiring an additional 141 shares during the period. Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth $326,000. Susquehanna International Group LLP bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter valued at $547,000. Mason Investment Advisory Services Inc. purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 3rd quarter worth $204,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter worth $34,000.

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.