Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Update

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 923 shares, a decrease of 82.4% from the March 15th total of 5,233 shares. Based on an average daily volume of 13,511 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of PXI traded up $0.16 during trading hours on Monday, hitting $57.13. The stock had a trading volume of 11,337 shares, compared to its average volume of 16,451. The firm has a market cap of $77.13 million, a P/E ratio of 17.22 and a beta of 0.67. The company’s fifty day simple moving average is $55.68 and its 200 day simple moving average is $50.05. Invesco Dorsey Wright Energy Momentum ETF has a 12-month low of $37.54 and a 12-month high of $62.36.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1041 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after buying an additional 512 shares during the last quarter. Trueblood Wealth Management LLC increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 5.9% in the third quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after buying an additional 575 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at about $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at about $68,000. Finally, Goldman Sachs Group Inc. increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the fourth 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 during the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.