Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Down 66.7% in April

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 66.7% from the March 31st total of 300 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Shares of PYZ stock traded down $0.50 during mid-day trading on Thursday, hitting $87.36. The company had a trading volume of 1,590 shares, compared to its average volume of 3,349. The stock’s 50 day moving average price is $88.91 and its 200-day moving average price is $83.17. Invesco Dorsey Wright Basic Materials Momentum ETF has a 52-week low of $72.33 and a 52-week high of $93.83. The company has a market capitalization of $64.65 million, a P/E ratio of 10.27 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.2109 dividend. This represents a $0.84 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, March 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the 4th quarter valued at approximately $49,000. Horizon Bancorp Inc. IN purchased a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF during the third quarter valued at $59,000. Octavia Wealth Advisors LLC lifted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 6.1% during the third quarter. Octavia Wealth Advisors LLC now owns 3,389 shares of the company’s stock valued at $266,000 after purchasing an additional 194 shares during the last quarter. Maltin Wealth Management Inc. grew its stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 6.2% in the 1st quarter. Maltin Wealth Management Inc. now owns 5,034 shares of the company’s stock worth $468,000 after buying an additional 294 shares in the last quarter. Finally, Scotia Capital Inc. increased its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 3.0% in the 3rd quarter. Scotia Capital Inc. now owns 6,177 shares of the company’s stock worth $485,000 after buying an additional 178 shares during the last quarter.

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.