Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) Short Interest Update

Invesco DWA Basic Materials Momentum ETF (NASDAQ:PYZ) was the recipient of a significant decline in short interest during the month of May. As of May 28th, there was short interest totalling 25,600 shares, a decline of 80.2% from the May 13th total of 129,600 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is currently 0.7 days.

A number of institutional investors have recently added to or reduced their stakes in PYZ. Cambridge Investment Research Advisors Inc. raised its stake in Invesco DWA Basic Materials Momentum ETF by 21.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,905 shares of the company’s stock worth $923,000 after acquiring an additional 2,265 shares during the period. Capital Wealth Alliance LLC bought a new stake in shares of Invesco DWA Basic Materials Momentum ETF in the 4th quarter worth approximately $534,000. Advisory Services Network LLC bought a new position in Invesco DWA Basic Materials Momentum ETF during the 4th quarter worth $48,000. Wells Fargo & Company MN increased its position in Invesco DWA Basic Materials Momentum ETF by 98.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,495 shares of the company’s stock worth $321,000 after buying an additional 2,226 shares during the period. Finally, LPL Financial LLC lifted its stake in Invesco DWA Basic Materials Momentum ETF by 385.5% in the fourth quarter. LPL Financial LLC now owns 32,315 shares of the company’s stock valued at $2,312,000 after buying an additional 25,659 shares during the last quarter.

NASDAQ:PYZ traded up $1.45 during trading hours on Friday, reaching $93.79. 10 shares of the stock were exchanged, compared to its average volume of 28,277. The company’s 50 day moving average is $88.55. Invesco DWA Basic Materials Momentum ETF has a 52 week low of $48.62 and a 52 week high of $96.18.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 23rd were paid a dividend of $0.076 per share. This represents a $0.30 annualized dividend and a yield of 0.32%. The ex-dividend date was Monday, March 22nd.

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