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

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 95,409 shares, a growth of 95.2% from the July 15th total of 48,878 shares. Based on an average trading volume of 91,966 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Water Resources ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Equity Partners purchased a new position in Invesco Water Resources ETF during the 4th quarter worth approximately $609,000. WealthSpring Partners LLC purchased a new position in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $6,741,000. D.A. Davidson & CO. grew its position in shares of Invesco Water Resources ETF by 62.7% during the first quarter. D.A. Davidson & CO. now owns 70,106 shares of the company’s stock worth $4,687,000 after acquiring an additional 27,010 shares during the last quarter. Thryve Wealth Management LLC acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $6,812,000. Finally, Prism Advisors Inc. raised its position in Invesco Water Resources ETF by 12.0% in the 1st quarter. Prism Advisors Inc. now owns 186,428 shares of the company’s stock valued at $12,465,000 after purchasing an additional 19,912 shares during the last quarter.

Invesco Water Resources ETF Trading Down 1.0%

NASDAQ:PHO traded down $0.70 during midday trading on Monday, reaching $71.27. The company had a trading volume of 86,049 shares, compared to its average volume of 98,069. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $74.93. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The stock’s fifty day simple moving average is $69.21 and its 200-day simple moving average is $69.09.

Invesco Water Resources ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1228 dividend. This represents a $0.49 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 22nd.

Invesco Water Resources ETF Company Profile

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.