Invesco Water Resources ETF (NASDAQ:PHO) Sees Significant Decrease in Short Interest

Invesco Water Resources ETF (NASDAQ:PHOGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,300 shares, a decline of 31.8% from the March 31st total of 15,100 shares. Based on an average trading volume of 146,500 shares, the short-interest ratio is presently 0.1 days.

Shares of PHO stock opened at $48.75 on Friday. Invesco Water Resources ETF has a 1 year low of $48.61 and a 1 year high of $61.11. The firm has a fifty day moving average price of $51.78 and a 200-day moving average price of $55.06.

Several hedge funds have recently modified their holdings of PHO. Morgan Stanley lifted its stake in shares of Invesco Water Resources ETF by 16.6% during the 3rd quarter. Morgan Stanley now owns 1,077,324 shares of the company’s stock valued at $58,952,000 after buying an additional 153,254 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Invesco Water Resources ETF by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 980,937 shares of the company’s stock valued at $53,677,000 after buying an additional 181,425 shares in the last quarter. UBS Group AG lifted its stake in shares of Invesco Water Resources ETF by 3.5% during the 3rd quarter. UBS Group AG now owns 862,695 shares of the company’s stock valued at $47,207,000 after buying an additional 29,059 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Invesco Water Resources ETF by 29.8% during the 3rd quarter. LPL Financial LLC now owns 514,341 shares of the company’s stock valued at $28,145,000 after buying an additional 118,182 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Invesco Water Resources ETF by 4.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 359,291 shares of the company’s stock valued at $21,859,000 after buying an additional 15,759 shares in the last quarter.

About Invesco Water Resources ETF (Get Rating)

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries.

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