Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Down 30.0% in March

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,100 shares, a decrease of 30.0% from the February 28th total of 3,000 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

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. LPL Financial LLC grew its position in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,217 shares of the company’s stock after buying an additional 7,266 shares during the quarter. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 at the end of the most recent quarter.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

Invesco Dorsey Wright Basic Materials Momentum ETF stock traded up $0.06 during mid-day trading on Monday, reaching $84.77. The company had a trading volume of 2,828 shares, compared to its average volume of 2,447. The stock’s 50-day simple moving average is $89.30 and its 200-day simple moving average is $92.09. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1 year low of $83.36 and a 1 year high of $99.92. The company has a market capitalization of $49.17 million, a P/E ratio of 20.03 and a beta of 1.36.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.2299 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.