Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Up 165.9% in May

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 58,269 shares, an increase of 165.9% from the May 14th total of 21,912 shares. Based on an average trading volume of 171,550 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PHO. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth approximately $668,000. Guardian Capital LP acquired a new stake in Invesco Water Resources ETF in the third quarter worth approximately $1,637,000. Golden State Equity Partners acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth approximately $609,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth approximately $13,963,000. Finally, WealthSpring Partners LLC acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth approximately $6,741,000.

Invesco Water Resources ETF Trading Up 0.6%

Invesco Water Resources ETF stock traded up $0.42 during midday trading on Friday, hitting $66.81. The stock had a trading volume of 43,497 shares, compared to its average volume of 95,756. The stock has a market cap of $2.03 billion, a P/E ratio of 25.38 and a beta of 0.97. Invesco Water Resources ETF has a 12 month low of $63.54 and a 12 month high of $74.93. The business has a fifty day moving average price of $67.36 and a 200 day moving average price of $69.95.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1046 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%.

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.