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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 107 shares, a decrease of 68.4% from the October 15th total of 339 shares. Based on an average trading volume of 831 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.7%

Shares of PYZ stock traded down $0.83 during trading hours on Friday, hitting $111.11. 284 shares of the company were exchanged, compared to its average volume of 3,732. The firm has a market cap of $62.22 million, a PE ratio of 19.91 and a beta of 1.28. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1 year low of $97.09 and a 1 year high of $134.10. The firm has a fifty day moving average of $115.52 and a 200 day moving average of $122.66.

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

A number of large investors have recently bought and sold shares of PYZ. Laurel Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 3rd quarter valued at $81,000. First PREMIER Bank acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $84,000. Integrity Financial Corp WA acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter worth $151,000. Serenity Investment Advisors purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter worth $195,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter worth $199,000.

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.