Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Increases By 2,078.9%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,227 shares, an increase of 2,078.9% from the January 29th total of 194 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 13,644 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 13,644 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of large investors have recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at about $59,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $68,000. Osaic Holdings Inc. boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after acquiring an additional 512 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000. Finally, Sunbelt Securities Inc. purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth $458,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 0.3%

Invesco Dorsey Wright Energy Momentum ETF stock opened at $53.45 on Friday. The firm has a market cap of $44.90 million, a P/E ratio of 17.22 and a beta of 0.93. The business has a fifty day moving average of $49.24 and a two-hundred day moving average of $46.98. Invesco Dorsey Wright Energy Momentum ETF has a twelve month low of $34.54 and a twelve month high of $53.75.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors 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 an increase 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 yield of 1.7%.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.