Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Update

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a drop of 30.0% from the February 28th total of 3,000 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A hedge fund recently raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF stock. LPL Financial LLC grew its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,217 shares of the company’s stock after purchasing an additional 7,266 shares during the period. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 at the end of the most recent quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 0.1 %

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock traded up $0.07 during trading on Tuesday, hitting $84.83. 6,137 shares of the company were exchanged, compared to its average volume of 2,088. The firm has a 50 day moving average price of $89.15 and a 200 day moving average price of $92.06. The stock has a market capitalization of $49.20 million, a price-to-earnings ratio of 20.03 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $83.36 and a fifty-two week high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.2299 per share. The ex-dividend date was Monday, March 24th.

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.