Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Drop in Short Interest

Invesco Water Resources ETF (NASDAQ:PHO) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 6,729 shares, a decline of 33.5% from the November 30th total of 10,122 shares. Based on an average trading volume of 55,912 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 55,912 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Water Resources ETF Price Performance

NASDAQ PHO traded down $0.34 on Wednesday, hitting $70.89. The company had a trading volume of 3,432 shares, compared to its average volume of 60,797. The company’s fifty day moving average price is $71.82 and its 200-day moving average price is $71.65. The company has a market capitalization of $2.12 billion, a PE ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $74.93.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0833 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%.

Institutional Trading of Invesco Water Resources ETF

Several large investors have recently added to or reduced their stakes in PHO. Crowley Wealth Management Inc. boosted its position in shares of Invesco Water Resources ETF by 11.5% during the second quarter. Crowley Wealth Management Inc. now owns 1,450 shares of the company’s stock worth $101,000 after buying an additional 150 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Invesco Water Resources ETF by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,144 shares of the company’s stock valued at $587,000 after buying an additional 175 shares during the period. Tocqueville Asset Management L.P. lifted its stake in Invesco Water Resources ETF by 0.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 51,491 shares of the company’s stock worth $3,713,000 after acquiring an additional 183 shares in the last quarter. Assetmark Inc. lifted its stake in Invesco Water Resources ETF by 45.4% during the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after acquiring an additional 184 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Invesco Water Resources ETF by 2.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 8,424 shares of the company’s stock valued at $589,000 after acquiring an additional 185 shares during the period.

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.