Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Increases By 165.9%
by Teresa Graham · The Cerbat GemInvesco Water Resources ETF (NASDAQ:PHO – Get Free Report) saw a large increase in short interest in 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 daily volume of 171,550 shares, the short-interest 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
Several large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC bought a new position in Invesco Water Resources ETF during the 1st quarter valued at $67,000. Western Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF during the 1st quarter worth $179,000. Hamilton Wealth LLC raised its stake in shares of Invesco Water Resources ETF by 110.0% during the 1st quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after purchasing an additional 129,405 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Invesco Water Resources ETF by 3.1% during the 1st quarter. Arkadios Wealth Advisors now owns 13,899 shares of the company’s stock worth $929,000 after purchasing an additional 417 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Invesco Water Resources ETF by 13.3% during the 1st quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock worth $22,428,000 after purchasing an additional 39,491 shares during the period.
Invesco Water Resources ETF Trading Up 0.6%
Shares of PHO traded up $0.42 during trading hours on Friday, reaching $66.81. The stock had a trading volume of 43,497 shares, compared to its average volume of 95,756. Invesco Water Resources ETF has a 12 month low of $63.54 and a 12 month high of $74.93. The firm has a 50-day simple moving average of $67.38 and a 200 day simple moving average of $69.97. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 25.38 and a beta of 0.97.
Invesco Water Resources ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1046 per share. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, March 23rd. This represents a $0.42 annualized dividend and a yield of 0.6%.
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.