Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Drops By 46.2%

Posted by Steve Fairfield on Dec 27th, 2024

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a decrease of 46.2% from the November 30th total of 1,300 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 0.3 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

NASDAQ PYZ opened at $88.63 on Friday. The company’s fifty day moving average is $95.03 and its two-hundred day moving average is $91.90. The firm has a market capitalization of $55.84 million, a price-to-earnings ratio of 10.44 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $79.63 and a 52-week high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a $0.2548 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

An institutional investor recently raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF stock. Truist Financial Corp increased its position in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,591 shares of the company’s stock after purchasing an additional 646 shares during the quarter. Truist Financial Corp owned approximately 3.91% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $2,325,000 at the end of the most recent quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

(Get Free Report)

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.