Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Declines By 26.7%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZGet Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,100 shares, a drop of 26.7% from the August 31st total of 1,500 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PYZ. Cambridge Investment Research Advisors Inc. raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,665 shares of the company’s stock worth $650,000 after purchasing an additional 149 shares during the last quarter. Trueblood Wealth Management LLC increased its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% in the second quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock valued at $384,000 after buying an additional 285 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth about $34,000. Farther Finance Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter worth approximately $282,000. Finally, IMC Chicago LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter worth approximately $1,783,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of NASDAQ PYZ opened at $109.26 on Tuesday. The company has a 50 day simple moving average of $102.88 and a 200 day simple moving average of $93.52. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1 year low of $71.72 and a 1 year high of $109.71. The firm has a market cap of $56.82 million, a PE ratio of 19.97 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.1782 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd.

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.

Read More

Receive News & Ratings for Invesco Dorsey Wright Basic Materials Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dorsey Wright Basic Materials Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.