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

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 17,747 shares, an increase of 163.7% from the December 15th total of 6,729 shares. Based on an average daily volume of 44,339 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 44,339 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several institutional investors and hedge funds have recently modified their holdings of PHO. SeaCrest Wealth Management LLC grew its position in shares of Invesco Water Resources ETF by 8.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 20,436 shares of the company’s stock worth $1,455,000 after purchasing an additional 1,599 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Invesco Water Resources ETF during the fourth quarter worth approximately $668,000. Wealth Enhancement Advisory Services LLC increased its stake in Invesco Water Resources ETF by 6.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,747 shares of the company’s stock worth $1,931,000 after acquiring an additional 1,691 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $210,000. Finally, TruWealth Advisors LLC raised its holdings in Invesco Water Resources ETF by 6.9% in the 4th quarter. TruWealth Advisors LLC now owns 4,542 shares of the company’s stock valued at $320,000 after acquiring an additional 292 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $73.05 on Wednesday. The firm has a market cap of $2.17 billion, a P/E ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $74.93. The firm’s 50-day simple moving average is $71.63 and its 200 day simple moving average is $71.85.

Invesco Water Resources ETF Cuts Dividend

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

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