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

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 80,400 shares, a decline of 16.5% from the March 31st total of 96,300 shares. Based on an average daily volume of 65,500 shares, the short-interest ratio is currently 1.2 days.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ PHO opened at $64.65 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of 34.90 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $49.65 and a 52-week high of $66.74. The company’s 50 day moving average price is $64.56 and its 200-day moving average price is $59.73.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.0629 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. lifted its position in shares of Invesco Water Resources ETF by 0.6% during the 4th quarter. D.A. Davidson & CO. now owns 26,749 shares of the company’s stock valued at $1,628,000 after acquiring an additional 161 shares during the period. Comerica Bank lifted its position in shares of Invesco Water Resources ETF by 0.8% during the 4th quarter. Comerica Bank now owns 21,329 shares of the company’s stock valued at $1,298,000 after acquiring an additional 174 shares during the period. Verity Asset Management Inc. lifted its position in shares of Invesco Water Resources ETF by 0.6% during the 3rd quarter. Verity Asset Management Inc. now owns 31,868 shares of the company’s stock valued at $1,695,000 after acquiring an additional 191 shares during the period. Brown Advisory Inc. lifted its position in shares of Invesco Water Resources ETF by 1.8% during the 4th quarter. Brown Advisory Inc. now owns 10,884 shares of the company’s stock valued at $662,000 after acquiring an additional 193 shares during the period. Finally, Spire Wealth Management lifted its position in shares of Invesco Water Resources ETF by 1.3% during the 3rd quarter. Spire Wealth Management now owns 16,588 shares of the company’s stock valued at $882,000 after acquiring an additional 211 shares during the period.

About Invesco Water Resources ETF

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.