Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,612 shares, a drop of 29.2% from the December 31st total of 5,105 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 6,756 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 6,756 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 5.0%

NASDAQ PYZ opened at $121.01 on Friday. The company has a 50 day moving average of $115.43 and a 200-day moving average of $107.69. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $133.75. The company has a market cap of $90.75 million, a price-to-earnings ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at about $79,000. Darwin Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth about $31,000. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth about $33,000. Trueblood Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 3.9% during the fourth quarter. Trueblood Wealth Management LLC now owns 4,299 shares of the company’s stock valued at $474,000 after buying an additional 163 shares during the period. Finally, Maltin Wealth Management Inc. grew its stake 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 valued at $607,000 after buying an additional 141 shares during the last quarter.

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.