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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 102 shares, a drop 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 trading volume of 1,037 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.8%

NASDAQ:PYZ opened at $126.25 on Friday. The stock has a market capitalization of $101 million, a PE ratio of 19.97 and a beta of 1.24. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $92.52 and a 1-year high of $134.10. The firm has a fifty day simple moving average of $128.28 and a 200 day simple moving average of $123.70.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth $34,000. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter worth about $74,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the fourth quarter worth approximately $79,000.

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.