Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Drops By 66.7%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 200 shares, a decrease of 66.7% from the June 15th total of 600 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Several hedge funds have recently modified their holdings of PXI. Cambridge Investment Research Advisors Inc. increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 12.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,361 shares of the company’s stock worth $1,268,000 after buying an additional 3,123 shares during the period. Advantage Trust Co bought a new position in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth approximately $27,000. Private Advisor Group LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth $254,000. Silver Oak Securities Incorporated boosted its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 110.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 34,045 shares of the company’s stock valued at $1,522,000 after buying an additional 17,896 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $2,450,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ PXI traded up $0.28 during mid-day trading on Friday, hitting $48.38. The company’s stock had a trading volume of 2,093 shares, compared to its average volume of 12,341. Invesco Dorsey Wright Energy Momentum ETF has a 52-week low of $39.99 and a 52-week high of $51.20. The stock’s fifty day simple moving average is $47.33 and its two-hundred day simple moving average is $46.61. The firm has a market capitalization of $75.47 million, a P/E ratio of 7.40 and a beta of 1.68.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1934 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.08. This represents a $0.77 annualized dividend and a yield of 1.60%.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities.