Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Expands By 385.5%

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 16,753 shares, a growth of 385.5% from the January 15th total of 3,451 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,422 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 64,422 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $73.85 on Wednesday. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $74.93. The business’s fifty day moving average is $72.36 and its two-hundred day moving average is $72.22. The stock has a market capitalization of $2.19 billion, a P/E ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0833 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of institutional investors have recently bought and sold shares of PHO. Perigon Wealth Management LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at $27,057,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $13,963,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Water Resources ETF by 98.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,519 shares of the company’s stock worth $7,007,000 after acquiring an additional 49,247 shares in the last quarter. Bank of America Corp DE boosted its position in Invesco Water Resources ETF by 2.2% during the third quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock valued at $118,140,000 after purchasing an additional 34,972 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in Invesco Water Resources ETF during the third quarter valued at $1,965,000.

Invesco Water Resources ETF Company Profile

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.