Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) Sees Significant Decline in Short Interest

Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZGet Rating) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 25,800 shares, a decline of 19.1% from the March 15th total of 31,900 shares. Based on an average trading volume of 19,600 shares, the short-interest ratio is presently 1.3 days.

Several institutional investors and hedge funds have recently modified their holdings of PYZ. Morgan Stanley increased its stake in shares of Invesco DWA Basic Materials Momentum ETF by 497.7% in the 2nd quarter. Morgan Stanley now owns 192,301 shares of the company’s stock valued at $16,920,000 after purchasing an additional 160,128 shares during the last quarter. Sigma Planning Corp increased its stake in shares of Invesco DWA Basic Materials Momentum ETF by 26.6% in the 3rd quarter. Sigma Planning Corp now owns 27,288 shares of the company’s stock valued at $2,313,000 after purchasing an additional 5,736 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Invesco DWA Basic Materials Momentum ETF by 39.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,494 shares of the company’s stock valued at $974,000 after purchasing an additional 3,227 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco DWA Basic Materials Momentum ETF by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 60,931 shares of the company’s stock valued at $5,164,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Invesco DWA Basic Materials Momentum ETF by 5.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,792 shares of the company’s stock valued at $2,864,000 after purchasing an additional 1,618 shares during the last quarter.

Shares of NASDAQ PYZ opened at $102.59 on Tuesday. The business has a fifty day moving average price of $94.13 and a two-hundred day moving average price of $92.08. Invesco DWA Basic Materials Momentum ETF has a fifty-two week low of $78.92 and a fifty-two week high of $103.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 22nd were paid a $0.134 dividend. This is a positive change from Invesco DWA Basic Materials Momentum ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.54 annualized dividend and a dividend yield of 0.52%.

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