Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Down 17.5% in March

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 16,874 shares, a decline of 17.5% from the February 26th total of 20,464 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 96,407 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Water Resources ETF

Hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $27,057,000. Corient Private Wealth LLC raised its stake in shares of Invesco Water Resources ETF by 1,232.1% during the fourth quarter. Corient Private Wealth LLC now owns 248,991 shares of the company’s stock valued at $17,531,000 after purchasing an additional 230,299 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at about $13,963,000. Thryve Wealth Management LLC acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth about $6,812,000. Finally, WealthSpring Partners LLC acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth about $6,741,000.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $65.49 on Monday. The company has a 50-day moving average price of $71.16 and a two-hundred day moving average price of $71.72. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $74.93. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.1046 dividend. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%.

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