Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Declines By 24.2%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 6,416 shares, a decline of 24.2% from the February 26th total of 8,469 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 5,598 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Maltin Wealth Management Inc. raised its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the 4th quarter. Maltin Wealth Management Inc. now owns 5,508 shares of the company’s stock worth $607,000 after acquiring an additional 141 shares in the last quarter. Trueblood Wealth Management LLC boosted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 3.9% in the fourth quarter. Trueblood Wealth Management LLC now owns 4,299 shares of the company’s stock valued at $474,000 after acquiring an additional 163 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth $31,000. Sound Income Strategies LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth $33,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $34,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of NASDAQ PYZ opened at $115.02 on Friday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $133.75. The business has a fifty day moving average price of $124.87 and a 200 day moving average price of $114.29. The stock has a market capitalization of $86.27 million, a P/E ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1193 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.