Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Up 42.9% in May

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,000 shares, an increase of 42.9% from the April 30th total of 700 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of PYZ stock traded up $1.34 during trading on Tuesday, hitting $89.22. The company had a trading volume of 1,400 shares, compared to its average volume of 2,851. The stock’s 50-day moving average price is $83.30 and its 200 day moving average price is $88.20. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $71.72 and a one year high of $99.92. The firm has a market capitalization of $50.86 million, a P/E ratio of 19.28 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter worth $282,000. Trueblood Wealth Management LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the first quarter valued at approximately $326,000. Maltin Wealth Management Inc. lifted its position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 5.4% during the 1st quarter. Maltin Wealth Management Inc. now owns 5,563 shares of the company’s stock valued at $472,000 after buying an additional 286 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 2.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,665 shares of the company’s stock worth $650,000 after purchasing an additional 149 shares during the period. Finally, IMC Chicago LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter valued at approximately $1,783,000.

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.