Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Up 325.0% in October

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 1,700 shares, an increase of 325.0% from the September 30th total of 400 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 2.4 days.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

PYZ stock opened at $107.43 on Wednesday. Invesco Dorsey Wright Basic Materials Momentum ETF has a 1-year low of $71.72 and a 1-year high of $115.06. The business has a 50 day simple moving average of $106.24 and a two-hundred day simple moving average of $96.69. The company has a market capitalization of $55.86 million, a price-to-earnings ratio of 19.97 and a beta of 1.33.

Invesco Dorsey Wright Basic Materials Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.1782 dividend. This represents a $0.71 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

Several hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Dorsey Wright Basic Materials Momentum ETF by 2.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,665 shares of the company’s stock worth $650,000 after purchasing an additional 149 shares during the period. Trueblood Wealth Management LLC lifted its position in Invesco Dorsey Wright Basic Materials Momentum ETF by 7.4% in the second quarter. Trueblood Wealth Management LLC now owns 4,130 shares of the company’s stock worth $384,000 after buying an additional 285 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter worth $34,000. Finally, Laurel Wealth Advisors LLC boosted its stake in Invesco Dorsey Wright Basic Materials Momentum ETF by 9,182.7% during the second quarter. Laurel Wealth Advisors LLC now owns 66,464 shares of the company’s stock worth $6,174,000 after buying an additional 65,748 shares during the period.

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.