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

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 29,700 shares, a decrease of 25.4% from the February 13th total of 39,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 72,900 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

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

Invesco Water Resources ETF Stock Up 0.9 %

Shares of PHO traded up $0.61 during trading hours on Monday, reaching $65.62. The company’s stock had a trading volume of 55,999 shares, compared to its average volume of 76,772. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 25.82 and a beta of 0.96. The company has a 50 day moving average of $66.91 and a two-hundred day moving average of $68.48. Invesco Water Resources ETF has a 1-year low of $62.82 and a 1-year high of $72.59.

Invesco Water Resources ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.