Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Declines By 25.0%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 900 shares, a decline of 25.0% from the October 15th total of 1,200 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF stock. Maltin Wealth Management Inc. grew its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,250 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Maltin Wealth Management Inc. owned 0.76% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $459,000 at the end of the most recent reporting period.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

NASDAQ PYZ traded up $0.15 on Friday, reaching $94.67. The company had a trading volume of 1,090 shares, compared to its average volume of 2,421. The company’s fifty day moving average is $94.32 and its 200-day moving average is $91.22. The firm has a market capitalization of $59.64 million, a price-to-earnings ratio of 10.44 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $78.07 and a 1-year high of $98.19.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.00 annualized dividend and a dividend yield of 1.06%.

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.