Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Update

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 company’s stock are sold short. Based on an average daily volume of 64,422 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 64,422 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Water Resources ETF

Hedge funds have recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at about $29,000. City Holding Co. purchased a new stake in Invesco Water Resources ETF in the fourth quarter valued at approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $30,000. Strengthening Families & Communities LLC purchased a new position in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $30,000. Finally, AE Wealth Management LLC grew its position in shares of Invesco Water Resources ETF by 5,081.8% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock worth $40,000 after acquiring an additional 559 shares during the last quarter.

Invesco Water Resources ETF Stock Down 1.9%

Shares of Invesco Water Resources ETF stock opened at $72.07 on Friday. 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 moving average is $72.38 and its two-hundred day moving average is $72.22. The firm has a market capitalization of $2.13 billion, a P/E ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

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

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.