Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Expands By 160.2%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 242 shares, a growth of 160.2% from the July 30th total of 93 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,328 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A number of large investors have recently made changes to their positions in the business. Transamerica Financial Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 68,339.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 118,401 shares of the company’s stock valued at $13,043,000 after acquiring an additional 118,228 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the fourth quarter valued at approximately $4,692,000. Firestone Capital Management purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter valued at approximately $4,214,000. NewEdge Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter valued at approximately $2,629,000. Finally, Tobias Financial Advisors Inc. bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at approximately $1,694,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of NASDAQ PYZ traded down $1.37 during midday trading on Friday, reaching $124.36. 357 shares of the stock traded hands, compared to its average volume of 4,349. The company’s 50 day moving average is $123.32 and its 200 day moving average is $125.03. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $97.09 and a one year high of $134.10. The stock has a market capitalization of $75.86 million, a PE ratio of 19.97 and a beta of 1.26.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1423 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.57 annualized dividend and a yield of 0.5%.

About Invesco Dorsey Wright Basic Materials Momentum ETF

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.