Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Update

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,200 shares, an increase of 140.0% from the September 30th total of 500 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PYZ. IMC Chicago LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at approximately $1,061,000. Maltin Wealth Management Inc. boosted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 4.3% during the 2nd quarter. Maltin Wealth Management Inc. now owns 5,250 shares of the company’s stock valued at $459,000 after acquiring an additional 216 shares during the last quarter. Finally, Truist Financial Corp increased its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.5% in the second quarter. Truist Financial Corp now owns 26,591 shares of the company’s stock worth $2,325,000 after purchasing an additional 646 shares during the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.7 %

PYZ stock traded down $0.69 during midday trading on Friday, hitting $95.10. The company’s stock had a trading volume of 1,475 shares, compared to its average volume of 2,528. The firm has a market capitalization of $59.91 million, a price-to-earnings ratio of 10.44 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12 month low of $72.50 and a 12 month high of $97.88. The company has a 50 day moving average of $92.50 and a two-hundred day moving average of $90.50.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.00 annualized dividend and a yield of 1.05%.

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.