Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Down 58.3% in April

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 3,889 shares, a decrease of 58.3% from the April 15th total of 9,318 shares. Based on an average trading volume of 15,592 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

A number of large investors have recently bought and sold shares of PXI. Tower Research Capital LLC TRC boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock worth $577,000 after purchasing an additional 4,431 shares during the period. Osaic Holdings Inc. boosted 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 worth $102,000 after purchasing an additional 512 shares during the period. Clear Creek Financial Management LLC boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 43.4% during the 3rd quarter. Clear Creek Financial Management LLC now owns 85,685 shares of the company’s stock worth $4,016,000 after purchasing an additional 25,934 shares during the period. Sunbelt Securities Inc. acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 3rd quarter worth $458,000. Finally, Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth $126,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 1.5%

NASDAQ:PXI traded up $0.92 during trading hours on Friday, reaching $60.71. 10,352 shares of the company’s stock were exchanged, compared to its average volume of 15,517. The firm has a market capitalization of $83.78 million, a price-to-earnings ratio of 17.22 and a beta of 0.65. The company has a 50-day moving average of $58.17 and a 200 day moving average of $51.83. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.25 and a 1-year high of $62.36.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.1041 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.7%.

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.