Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Decline in Short Interest

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 80,400 shares, a decline of 16.5% from the March 31st total of 96,300 shares. Based on an average trading volume of 65,500 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PHO. Commonwealth Equity Services LLC boosted its position in Invesco Water Resources ETF by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 392,502 shares of the company’s stock worth $20,873,000 after acquiring an additional 3,883 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Invesco Water Resources ETF by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 142,054 shares of the company’s stock worth $7,554,000 after acquiring an additional 3,976 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Invesco Water Resources ETF by 6.3% during the third quarter. Stratos Wealth Partners LTD. now owns 8,638 shares of the company’s stock worth $459,000 after acquiring an additional 513 shares during the last quarter. TIAA Trust National Association acquired a new position in shares of Invesco Water Resources ETF in the 3rd quarter valued at $382,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Invesco Water Resources ETF by 1.3% in the 3rd quarter. Bogart Wealth LLC now owns 33,731 shares of the company’s stock valued at $1,794,000 after purchasing an additional 429 shares during the last quarter.

Invesco Water Resources ETF Trading Down 1.0 %

Shares of PHO traded down $0.67 during trading hours on Tuesday, reaching $64.21. The company had a trading volume of 57,369 shares, compared to its average volume of 71,370. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 34.90 and a beta of 0.96. Invesco Water Resources ETF has a 12-month low of $49.65 and a 12-month high of $66.74. The firm has a 50 day simple moving average of $64.60 and a 200-day simple moving average of $59.90.

Invesco Water Resources ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0629 per share. The ex-dividend date was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.39%.

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.