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 during the month of 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. Based on an average daily 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. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 4,365 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC increased its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock worth $13,043,000 after acquiring an additional 118,228 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after purchasing an additional 65,748 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter worth approximately $4,692,000. LPL Financial LLC increased its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 24.2% during the 4th quarter. LPL Financial LLC now owns 17,218 shares of the company’s stock valued at $1,897,000 after purchasing an additional 3,353 shares during the last quarter. Finally, Maltin Wealth Management Inc. raised its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.6% during the 4th 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 period.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Up 1.2%

Invesco Dorsey Wright Basic Materials Momentum ETF stock opened at $128.43 on Friday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $71.72 and a 52-week high of $133.75. The firm’s fifty day moving average is $119.79 and its 200 day moving average is $109.60. The company has a market cap of $96.32 million, a price-to-earnings ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.1551 per share. This represents a $0.62 annualized dividend and a dividend 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.