Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Expands By 58.6%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 47,100 shares, an increase of 58.6% from the February 28th total of 29,700 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 76,200 shares, the short-interest ratio is currently 0.6 days.

Invesco Water Resources ETF Trading Down 1.5 %

Shares of PHO stock traded down $0.99 on Friday, reaching $64.29. 32,568 shares of the stock were exchanged, compared to its average volume of 70,848. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96. The business’s 50 day moving average price is $66.74 and its 200 day moving average price is $68.28.

Invesco Water Resources ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.098 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PHO. Redwood Park Advisors LLC purchased a new position in Invesco Water Resources ETF in the fourth quarter valued at approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $33,000. Sunbelt Securities Inc. acquired a new stake in Invesco Water Resources ETF during the 3rd quarter worth $36,000. Finally, Kestra Investment Management LLC purchased a new stake in Invesco Water Resources ETF in the fourth quarter valued at $37,000.

About Invesco Water Resources ETF

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.