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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a drop of 71.4% from the March 15th total of 2,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter worth approximately $282,000. IMC Chicago LLC bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter worth approximately $1,783,000. Maltin Wealth Management Inc. boosted its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 5.4% in the 1st quarter. Maltin Wealth Management Inc. now owns 5,563 shares of the company’s stock valued at $472,000 after purchasing an additional 286 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 52.1% during the 4th quarter. LPL Financial LLC now owns 21,217 shares of the company’s stock valued at $1,841,000 after purchasing an additional 7,266 shares during the last quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

NASDAQ:PYZ traded up $0.12 during trading hours on Tuesday, hitting $80.30. The stock had a trading volume of 2,339 shares, compared to its average volume of 2,992. The company has a 50 day simple moving average of $85.99 and a two-hundred day simple moving average of $90.83. The firm has a market capitalization of $45.77 million, a price-to-earnings ratio of 18.68 and a beta of 1.31. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $71.72 and a one year high of $99.92.

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 paid a $0.2299 dividend. The ex-dividend date was Monday, March 24th.

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.