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

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a decrease of 25.0% from the October 15th total of 1,200 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 0.4 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Stock Performance

Shares of PYZ stock traded down $0.55 during mid-day trading on Friday, reaching $94.52. 1,457 shares of the company were exchanged, compared to its average volume of 2,427. The business’s 50 day simple moving average is $93.97 and its 200 day simple moving average is $91.13. The company has a market capitalization of $59.55 million, a P/E ratio of 10.44 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $78.07 and a fifty-two week high of $98.19.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

A hedge fund recently raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF stock. Maltin Wealth Management Inc. raised its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,250 shares of the company’s stock after purchasing an additional 216 shares during the period. Maltin Wealth Management Inc. owned about 0.76% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $459,000 as of its most recent SEC filing.

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.