Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Down 24.2% in March

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 6,416 shares, a decrease of 24.2% from the February 26th total of 8,469 shares. Based on an average daily trading volume, of 5,598 shares, the short-interest ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are sold short.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of NASDAQ PYZ opened at $115.02 on Friday. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $71.72 and a fifty-two week high of $133.75. The company has a market cap of $86.27 million, a PE ratio of 19.97 and a beta of 1.33. The business has a 50-day simple moving average of $124.87 and a two-hundred day simple moving average of $114.29.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1193 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at about $437,000. Arax Advisory Partners acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $306,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at approximately $74,000. Transamerica Financial Advisors LLC increased its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after buying an additional 118,228 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth approximately $4,692,000.

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.