Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Sees Large Growth in Short Interest

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,575 shares, an increase of 80.8% from the May 14th total of 871 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 8,692 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter valued at about $25,000. Osaic Holdings Inc. increased 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 valued at $102,000 after purchasing an additional 512 shares in the last quarter. Cherry Tree Wealth Management LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at about $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at about $68,000. Finally, Goldman Sachs Group Inc. increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 6.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock valued at $1,470,000 after purchasing an additional 2,046 shares in the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Energy Momentum ETF stock opened at $55.65 on Wednesday. The company has a 50-day moving average of $58.45 and a 200 day moving average of $53.74. The firm has a market cap of $76.80 million, a price-to-earnings ratio of 17.22 and a beta of 0.62. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $40.88 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 $0.1041 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd.

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.