Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Drops By 47.4%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 3,367 shares, a drop of 47.4% from the November 30th total of 6,398 shares. Based on an average daily volume of 2,533 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 2,533 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors have recently modified their holdings of the company. Trueblood Wealth Management LLC grew its stake 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 purchasing an additional 285 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth about $34,000. Mason Investment Advisory Services Inc. purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter worth about $204,000. Susquehanna International Group LLP acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter worth about $547,000. Finally, Laurel Wealth Advisors LLC boosted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after acquiring an additional 65,748 shares in the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Up 0.0%

Shares of NASDAQ:PYZ opened at $113.95 on Friday. The business has a 50 day moving average of $106.35 and a two-hundred day moving average of $102.80. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12-month low of $71.72 and a 12-month high of $115.06. The company has a market capitalization of $59.25 million, a PE 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, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.1551 per share. This represents a $0.62 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.