Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 339 shares, a growth of 151.1% from the September 30th total of 135 shares. Based on an average daily volume of 1,769 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Hedge funds have recently added to or reduced their stakes in the company. JNBA Financial Advisors purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at approximately $1,678,000. Firestone Capital Management acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at approximately $4,214,000. Secure Asset Management LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at approximately $978,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter worth $5,207,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter worth $2,629,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 1.7%

NASDAQ PYZ traded down $1.91 on Friday, reaching $112.32. 236 shares of the stock were exchanged, compared to its average volume of 3,853. The firm has a market capitalization of $62.90 million, a PE ratio of 19.97 and a beta of 1.27. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $97.09 and a one year high of $134.10. The company’s 50-day simple moving average is $117.92 and its two-hundred day simple moving average is $123.39.

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.