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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 102 shares, a decline of 72.6% from the May 31st total of 372 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,037 shares, the short-interest ratio is currently 0.1 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

PYZ traded down $1.01 on Friday, hitting $126.25. 1,155 shares of the company were exchanged, compared to its average volume of 5,363. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $92.52 and a fifty-two week high of $134.10. The firm has a market capitalization of $101 million, a P/E ratio of 19.97 and a beta of 1.24. The business’s fifty day moving average is $128.28 and its 200 day moving average is $123.83.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.1423 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.5%.

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

Several hedge funds have recently bought and sold shares of PYZ. Darwin Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter worth $31,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth $33,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth about $74,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth about $79,000.

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.