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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the February 29th total of 100 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

A number of large investors have recently added to or reduced their stakes in PYZ. Captrust Financial Advisors bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter worth $45,000. Fifth Third Bancorp bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at about $49,000. Horizon Bancorp Inc. IN bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter valued at about $59,000. Comerica Bank bought a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 3rd quarter valued at about $86,000. Finally, EP Wealth Advisors LLC purchased a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 1st quarter valued at about $120,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

PYZ stock opened at $92.56 on Thursday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52 week low of $72.33 and a 52 week high of $92.56. The firm’s fifty day moving average is $85.44 and its 200 day moving average is $81.53. The firm has a market cap of $74.97 million, a P/E ratio of 6.55 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.2109 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Monday, March 18th.

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.