Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Expands By 20.0%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a growth of 20.0% from the February 13th total of 2,500 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco Dorsey Wright Basic Materials Momentum ETF stock. LPL Financial LLC grew its stake in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,217 shares of the company’s stock after purchasing an additional 7,266 shares during the period. LPL Financial LLC owned about 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission.

Invesco Dorsey Wright Basic Materials Momentum ETF Price Performance

PYZ traded down $0.51 during trading on Thursday, hitting $87.35. 877 shares of the stock traded hands, compared to its average volume of 2,052. The business has a 50 day moving average price of $89.75 and a 200 day moving average price of $92.09. The company has a market cap of $50.66 million, a price-to-earnings ratio of 20.06 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a twelve month low of $83.52 and a twelve month high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.2548 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.