Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Sees Significant Increase in Short Interest

by · The Markets Daily

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 339 shares, a growth of 151.1% from the September 30th total of 135 shares. Based on an average trading volume of 1,769 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 1.9%

Invesco Dorsey Wright Basic Materials Momentum ETF stock traded down $2.12 during mid-day trading on Friday, reaching $112.11. The company’s stock had a trading volume of 454 shares, compared to its average volume of 3,855. Invesco Dorsey Wright Basic Materials Momentum ETF has a twelve month low of $97.09 and a twelve month high of $134.10. The business has a 50 day moving average price of $117.68 and a 200-day moving average price of $123.33. The firm has a market cap of $62.78 million, a price-to-earnings ratio of 19.97 and a beta of 1.27.

Institutional Investors Weigh In On Invesco Dorsey Wright Basic Materials Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of PYZ. JNBA Financial Advisors bought a new position in shares of Invesco Dorsey Wright Basic Materials Momentum ETF during the second quarter worth about $1,678,000. Firestone Capital Management acquired a new position in Invesco Dorsey Wright Basic Materials Momentum ETF during the 2nd quarter valued at about $4,214,000. Secure Asset Management LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $978,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Basic Materials Momentum ETF in the second quarter valued at approximately $5,207,000. Finally, NewEdge Advisors LLC bought a new position in Invesco Dorsey Wright Basic Materials Momentum ETF in the 1st quarter worth approximately $2,629,000.

Invesco Dorsey Wright Basic Materials Momentum ETF Company Profile

(Get Free Report)

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.

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