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

Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant drop in short interest during the month of May. As of May 28th, there was short interest totalling 25,600 shares, a drop of 80.2% from the May 13th total of 129,600 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is currently 0.7 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Invesco DWA Basic Materials Momentum ETF in the fourth quarter valued at about $48,000. Ameritas Investment Company LLC acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF in the first quarter worth $79,000. Transamerica Financial Advisors Inc. lifted its position in shares of Invesco DWA Basic Materials Momentum ETF by 9.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 1,406 shares of the company’s stock valued at $117,000 after acquiring an additional 124 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Invesco DWA Basic Materials Momentum ETF during the first quarter valued at $144,000. Finally, SignalPoint Asset Management LLC boosted its stake in shares of Invesco DWA Basic Materials Momentum ETF by 3.4% during the first quarter. SignalPoint Asset Management LLC now owns 3,571 shares of the company’s stock valued at $297,000 after acquiring an additional 116 shares during the last quarter.

Shares of NASDAQ:PYZ traded up $1.45 during trading on Friday, reaching $93.79. The company had a trading volume of 10 shares, compared to its average volume of 28,277. The firm’s fifty day moving average price is $88.55. Invesco DWA Basic Materials Momentum ETF has a fifty-two week low of $48.62 and a fifty-two week high of $96.18.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 23rd were given a dividend of $0.076 per share. This represents a $0.30 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Monday, March 22nd.

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