Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Decreases By 30.0%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,100 shares, a drop of 30.0% from the February 28th total of 3,000 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Up 0.1 %

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock traded up $0.06 on Monday, reaching $84.77. 2,828 shares of the stock were exchanged, compared to its average volume of 2,447. The firm has a market capitalization of $49.17 million, a PE ratio of 20.03 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $83.36 and a 1-year high of $99.92. The business has a fifty day moving average price of $89.30 and a two-hundred day moving average price of $92.09.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.2299 per share. The ex-dividend date of this dividend was Monday, March 24th.

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

An institutional investor recently raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF stock. LPL Financial LLC raised its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,217 shares of the company’s stock after acquiring an additional 7,266 shares during the quarter. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 as of its most recent filing with the SEC.

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.