Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Shares Shorted: Short Interest Up 151.1% in October

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 339 shares, a growth of 151.1% from the September 30th total of 135 shares. Based on an average daily trading volume, of 1,769 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 1.7%

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock traded down $1.91 on Friday, reaching $112.32. The company’s stock had a trading volume of 236 shares, compared to its average volume of 3,853. The company has a market capitalization of $62.90 million, a P/E ratio of 19.97 and a beta of 1.27. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $97.09 and a 52-week high of $134.10. The stock has a 50-day moving average price of $117.92 and a 200-day moving average price of $123.39.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYZ. Janney Montgomery Scott LLC raised its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 11.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,370 shares of the company’s stock valued at $5,676,000 after acquiring an additional 4,778 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth about $5,207,000. Firestone Capital Management acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $4,214,000. NewEdge Advisors LLC lifted its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 1.5% during the 2nd quarter. NewEdge Advisors LLC now owns 22,269 shares of the company’s stock worth $2,802,000 after buying an additional 333 shares in the last quarter. Finally, Tobias Financial Advisors Inc. purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $1,694,000.

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.