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 large decline in short interest in December. As of December 15th, there was short interest totaling 3,367 shares, a decline of 47.4% from the November 30th total of 6,398 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 2,533 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 2,533 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.6% of the company’s stock are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

PYZ traded up $0.01 during trading on Friday, hitting $113.95. The stock had a trading volume of 595 shares, compared to its average volume of 3,199. The stock has a 50 day simple moving average of $106.35 and a two-hundred day simple moving average of $102.87. Invesco Dorsey Wright Basic Materials Momentum ETF has a twelve month low of $71.72 and a twelve month high of $115.06. The company has a market capitalization of $59.25 million, a PE ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.1551 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.5%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYZ. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter worth about $34,000. Mason Investment Advisory Services Inc. purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 3rd quarter valued at approximately $204,000. Trueblood Wealth Management LLC boosted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% in the 2nd quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock worth $384,000 after purchasing an additional 285 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter valued at approximately $547,000. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% in the second quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after buying an additional 65,748 shares during the last quarter.

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.