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 large drop in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a drop of 25.0% from the October 15th total of 1,200 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 0.4 days.

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. lifted its position in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the company’s stock after buying 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 Price Performance

Shares of NASDAQ PYZ traded up $0.15 during mid-day trading on Friday, hitting $94.67. The company’s stock had a trading volume of 1,090 shares, compared to its average volume of 2,421. Invesco Dorsey Wright Basic Materials Momentum ETF has a one year low of $78.07 and a one year high of $98.19. The company’s fifty day simple moving average is $94.32 and its 200-day simple moving average is $91.22. The stock has a market cap of $59.64 million, a price-to-earnings ratio of 10.44 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

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

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.