Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Update

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 7,055 shares, a growth of 95.3% from the January 15th total of 3,612 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 4,365 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 4,365 shares, the short-interest ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 4.1%

PYZ opened at $126.93 on Friday. The company has a market capitalization of $95.19 million, a PE ratio of 19.97 and a beta of 1.33. The firm has a 50-day simple moving average of $119.37 and a two-hundred day simple moving average of $109.40. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52 week low of $71.72 and a 52 week high of $133.75.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.62 dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PYZ. Laurel Wealth Advisors LLC raised its stake 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 valued at $6,174,000 after acquiring an additional 65,748 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth about $4,692,000. LPL Financial LLC boosted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the fourth quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock valued at $1,897,000 after buying an additional 3,353 shares during the period. Maltin Wealth Management Inc. grew its stake 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 valued at $607,000 after buying an additional 141 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the third quarter valued at approximately $547,000.

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.