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

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

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of NASDAQ PYZ traded down $3.11 during mid-day trading on Friday, hitting $117.28. The company had a trading volume of 1,967 shares, compared to its average volume of 5,726. The company has a market capitalization of $87.96 million, a PE ratio of 19.97 and a beta of 1.33. The business’s 50-day simple moving average is $126.07 and its 200 day simple moving average is $113.39. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $133.75.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC increased its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% during the fourth 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. Laurel Wealth Advisors LLC lifted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% in the second quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after acquiring an additional 65,748 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth approximately $4,692,000. Susquehanna International Group LLP acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter worth approximately $547,000. Finally, Advisory Services Network LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $437,000.

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.