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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,100 shares, a decrease of 30.0% from the February 28th total of 3,000 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On 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 raised its holdings in 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 firm owned 21,217 shares of the company’s stock after buying an additional 7,266 shares during the quarter. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 as of its most recent SEC filing.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

PYZ traded down $1.70 on Friday, hitting $84.90. The company had a trading volume of 1,569 shares, compared to its average volume of 2,069. The stock has a market cap of $49.24 million, a price-to-earnings ratio of 20.03 and a beta of 1.36. The company’s fifty day moving average price is $89.30 and its 200 day moving average price is $92.05. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $83.52 and a 1-year high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.2299 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.