Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Drops By 67.9%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 608 shares, a drop of 67.9% from the December 31st total of 1,892 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,899 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,899 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Several hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares in the last quarter. Trueblood Wealth Management LLC lifted its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 5.9% in the third quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after buying an additional 575 shares in the last quarter. Advantage Trust Co acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the second quarter valued at about $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth about $68,000. Finally, Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at about $126,000.

Invesco Dorsey Wright Energy Momentum ETF Trading Down 0.0%

PXI stock traded down $0.02 during trading on Wednesday, reaching $49.57. 846 shares of the stock were exchanged, compared to its average volume of 3,139. The firm’s 50 day moving average is $46.79 and its 200 day moving average is $45.62. The firm has a market cap of $41.64 million, a P/E ratio of 17.22 and a beta of 0.93. Invesco Dorsey Wright Energy Momentum ETF has a twelve month low of $34.54 and a twelve month high of $50.37.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.2296 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.