Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Update

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a growth of 20.0% from the February 13th total of 2,500 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF stock. LPL Financial LLC boosted its holdings in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,217 shares of the company’s stock after acquiring an additional 7,266 shares during the period. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 at the end of the most recent reporting period.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of PYZ stock traded down $0.18 during trading hours on Tuesday, reaching $87.31. The company had a trading volume of 2,678 shares, compared to its average volume of 2,045. The stock has a fifty day moving average of $89.75 and a 200-day moving average of $92.14. The company has a market capitalization of $50.64 million, a price-to-earnings ratio of 20.06 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a 12-month low of $83.52 and a 12-month high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.2548 dividend. The ex-dividend date was Monday, December 23rd.

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.