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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 107 shares, a drop of 68.4% from the October 15th total of 339 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 831 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Down 0.7%

Shares of NASDAQ PYZ traded down $0.83 during midday trading on Friday, hitting $111.11. The stock had a trading volume of 284 shares, compared to its average volume of 3,732. The company has a market capitalization of $62.22 million, a price-to-earnings ratio of 19.91 and a beta of 1.28. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $97.09 and a 1-year high of $134.10. The company has a fifty day moving average price of $115.52 and a 200 day moving average price of $122.66.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the third quarter valued at approximately $250,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the third quarter worth $81,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter worth $5,207,000. NewEdge Advisors LLC raised its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 22,269 shares of the company’s stock valued at $2,802,000 after acquiring an additional 333 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the 2nd quarter valued at $1,139,000.

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.