Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Drops By 27.8%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 8,469 shares, a drop of 27.8% from the February 12th total of 11,724 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,715 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 4,715 shares, the short-interest ratio is presently 1.8 days. Approximately 1.1% of the shares of the company are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Up 0.3%

Shares of PYZ stock traded up $0.37 on Monday, hitting $117.65. 1,318 shares of the stock were exchanged, compared to its average volume of 5,636. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $71.72 and a one year high of $133.75. The firm’s 50 day moving average is $126.07 and its two-hundred day moving average is $113.53. The firm has a market capitalization of $88.24 million, a PE ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

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

Institutional investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at $31,000. Sound Income Strategies LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth about $33,000. Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at approximately $74,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $79,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

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.