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 growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,105 shares, a growth of 51.6% from the December 15th total of 3,367 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,643 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily trading volume, of 1,643 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Maltin Wealth Management Inc. raised its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the fourth quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock worth $607,000 after acquiring an additional 141 shares during the period. Trueblood Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% during the second quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock worth $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. Mason Investment Advisory Services Inc. acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 3rd quarter valued at approximately $204,000. Finally, Silver Oak Securities Incorporated bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at approximately $326,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

NASDAQ:PYZ traded down $0.65 on Friday, reaching $125.53. The company’s stock had a trading volume of 1,752 shares, compared to its average volume of 6,296. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $126.60. The business’s 50-day moving average price is $110.25 and its two-hundred day moving average price is $105.59. The firm has a market cap of $92.89 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 announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.1551 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.