Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Expands By 18.4%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 39,300 shares, an increase of 18.4% from the August 31st total of 33,200 shares. Based on an average daily trading volume, of 68,400 shares, the short-interest ratio is presently 0.6 days.

Invesco Water Resources ETF Price Performance

NASDAQ PHO traded up $0.31 during trading hours on Friday, reaching $70.51. 88,434 shares of the stock traded hands, compared to its average volume of 71,610. The stock has a 50 day simple moving average of $68.45 and a two-hundred day simple moving average of $66.73. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.09. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco Water Resources ETF

Hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco Water Resources ETF in the second quarter worth approximately $25,000. Woodmont Investment Counsel LLC bought a new stake in Invesco Water Resources ETF in the 1st quarter worth $27,000. ESL Trust Services LLC purchased a new position in shares of Invesco Water Resources ETF in the first quarter valued at about $27,000. Larson Financial Group LLC bought a new position in shares of Invesco Water Resources ETF during the second quarter valued at about $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Invesco Water Resources ETF during the second quarter worth about $38,000.

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.