Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Rises By 90.0%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,900 shares, a growth of 90.0% from the May 15th total of 1,000 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

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

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

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock traded up $0.76 on Monday, reaching $92.10. The company had a trading volume of 599 shares, compared to its average volume of 2,839. The firm’s 50 day moving average price is $85.19 and its two-hundred day moving average price is $87.83. The firm has a market cap of $52.50 million, a PE ratio of 19.28 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $71.72 and a 52-week high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

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.