Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Down 72.6% in June

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 102 shares, a decline of 72.6% from the May 31st total of 372 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,037 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.8%

Shares of Invesco Dorsey Wright Basic Materials Momentum ETF stock opened at $126.25 on Friday. The business has a 50 day moving average price of $128.28 and a 200-day moving average price of $123.70. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52 week low of $92.52 and a 52 week high of $134.10. The company has a market cap of $101 million, a PE ratio of 19.97 and a beta of 1.24.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1423 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $4,692,000. Advisory Services Network LLC purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth about $437,000. Arax Advisory Partners bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at approximately $306,000. Kestra Advisory Services LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 4th quarter valued at $74,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth about $34,000.

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.