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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 6,416 shares, a decrease of 24.2% from the February 26th total of 8,469 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 5,598 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at $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 position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at about $34,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth about $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 about $79,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 4.8%

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock traded up $5.44 during trading on Tuesday, hitting $119.83. 8,446 shares of the company were exchanged, compared to its average volume of 5,233. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $71.72 and a fifty-two week high of $133.75. The stock has a market capitalization of $89.87 million, a price-to-earnings ratio of 19.97 and a beta of 1.33. The firm has a 50 day moving average price of $124.65 and a 200 day moving average price of $114.43.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.48 annualized dividend and a yield of 0.4%.

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.