Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Increases By 165.9%

Invesco Water Resources ETF (NASDAQ:PHO) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 58,269 shares, an increase of 165.9% from the May 14th total of 21,912 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 171,550 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Water Resources ETF Stock Performance

Shares of PHO stock traded up $0.42 during trading hours on Friday, hitting $66.81. 43,497 shares of the company were exchanged, compared to its average volume of 95,756. The firm has a market cap of $2.03 billion, a P/E ratio of 25.38 and a beta of 0.97. Invesco Water Resources ETF has a fifty-two week low of $63.54 and a fifty-two week high of $74.93. The company has a 50 day simple moving average of $67.38 and a two-hundred day simple moving average of $69.97.

Invesco Water Resources ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco Water Resources ETF

Large investors have recently modified their holdings of the company. City Holding Co. bought a new position in shares of Invesco Water Resources ETF in the 4th quarter worth $28,000. Investment Counsel Co. of Nevada bought a new position in shares of Invesco Water Resources ETF in the 4th quarter worth $30,000. Strengthening Families & Communities LLC bought a new position in shares of Invesco Water Resources ETF in the 4th quarter worth $30,000. Assetmark Inc. lifted its holdings in shares of Invesco Water Resources ETF by 45.4% in the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after purchasing an additional 184 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Water Resources ETF by 156.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after purchasing an additional 360 shares in the last quarter.

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.