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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,708 shares, a growth of 108.7% from the June 30th total of 1,777 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 79,532 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% during the first quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after purchasing an additional 105,108 shares during the period. Bank of America Corp DE raised its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 31.1% in the first quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock valued at $2,743,000 after purchasing an additional 10,930 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 buying an additional 2,046 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at approximately $976,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 49.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock worth $577,000 after buying an additional 4,431 shares during the period.

Invesco Dorsey Wright Energy Momentum ETF Trading Up 2.6%

Shares of NASDAQ PXI opened at $58.80 on Friday. The stock has a fifty day simple moving average of $57.27 and a two-hundred day simple moving average of $56.10. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.88 and a 1-year high of $62.36. The firm has a market cap of $59.98 million, a price-to-earnings ratio of 17.22 and a beta of 0.61.

Invesco Dorsey Wright Energy Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.1822 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.73 annualized dividend and a dividend yield of 1.2%.

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.