Invesco DWA Energy Momentum ETF (NASDAQ:PXI) Sees Large Decrease in Short Interest

Invesco DWA Energy Momentum ETF (NASDAQ:PXIGet Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,600 shares, a decrease of 94.9% from the March 15th total of 90,700 shares. Based on an average daily trading volume, of 100,700 shares, the days-to-cover ratio is presently 0.0 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of PXI. Advisors Preferred LLC acquired a new stake in shares of Invesco DWA Energy Momentum ETF during the fourth quarter worth about $39,000. IFP Advisors Inc acquired a new stake in shares of Invesco DWA Energy Momentum ETF during the fourth quarter worth about $53,000. Centaurus Financial Inc. acquired a new stake in shares of Invesco DWA Energy Momentum ETF during the fourth quarter worth about $119,000. Financial Management Professionals Inc. acquired a new stake in shares of Invesco DWA Energy Momentum ETF during the fourth quarter worth about $152,000. Finally, Murphy Capital Management Inc. acquired a new stake in shares of Invesco DWA Energy Momentum ETF during the first quarter worth about $219,000.

NASDAQ PXI traded up $1.82 during trading hours on Tuesday, reaching $44.90. The company had a trading volume of 2,600 shares, compared to its average volume of 120,460. The stock has a 50-day moving average of $39.41 and a 200 day moving average of $35.06. Invesco DWA Energy Momentum ETF has a 1-year low of $21.55 and a 1-year high of $44.71.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 22nd were given a $0.099 dividend. The ex-dividend date was Monday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. This is a boost from Invesco DWA Energy Momentum ETF’s previous quarterly dividend of $0.06.

Invesco DWA Energy Momentum ETF Company Profile (Get Rating)

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities.

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