Short Interest in Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) Declines By 73.2%

Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZGet Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,800 shares, a drop of 73.2% from the April 30th total of 17,900 shares. Based on an average trading volume of 26,900 shares, the short-interest ratio is currently 0.2 days.

PYZ stock opened at $88.36 on Thursday. The firm has a 50 day moving average of $94.47 and a 200-day moving average of $92.24. Invesco DWA Basic Materials Momentum ETF has a 12-month low of $78.92 and a 12-month high of $104.31.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 22nd were given a dividend of $0.134 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Invesco DWA Basic Materials Momentum ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, March 21st.

Several hedge funds have recently bought and sold shares of PYZ. HighTower Advisors LLC raised its position in shares of Invesco DWA Basic Materials Momentum ETF by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 202,194 shares of the company’s stock worth $17,140,000 after purchasing an additional 2,596 shares during the last quarter. Pacific Sun Financial Corp acquired a new position in shares of Invesco DWA Basic Materials Momentum ETF during the 3rd quarter worth approximately $481,000. Prospera Financial Services Inc raised its position in shares of Invesco DWA Basic Materials Momentum ETF by 32.4% during the 3rd quarter. Prospera Financial Services Inc now owns 8,035 shares of the company’s stock worth $681,000 after purchasing an additional 1,968 shares during the last quarter. IMC Chicago LLC raised its position in shares of Invesco DWA Basic Materials Momentum ETF by 39.2% during the 4th quarter. IMC Chicago LLC now owns 29,148 shares of the company’s stock worth $2,758,000 after purchasing an additional 8,215 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its position in shares of Invesco DWA Basic Materials Momentum ETF by 10.3% during the 4th quarter. Octavia Wealth Advisors LLC now owns 3,867 shares of the company’s stock worth $366,000 after purchasing an additional 361 shares during the last quarter.

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