Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Decreases By 27.8%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 8,469 shares, a decrease of 27.8% from the February 12th total of 11,724 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,715 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 4,715 shares, the short-interest ratio is presently 1.8 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PYZ. Darwin Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth about $31,000. Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at about $33,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $74,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $79,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of NASDAQ:PYZ traded down $3.11 during midday trading on Friday, hitting $117.28. The company’s stock had a trading volume of 1,967 shares, compared to its average volume of 5,726. The company has a market cap of $87.96 million, a P/E ratio of 19.97 and a beta of 1.33. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12-month low of $71.72 and a 12-month high of $133.75. The business’s 50 day simple moving average is $126.07 and its 200 day simple moving average is $113.39.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

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.