Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Expands By 22.6%

Invesco Water Resources ETF (NASDAQ:PHO) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 111,900 shares, an increase of 22.6% from the October 15th total of 91,300 shares. Based on an average daily trading volume, of 64,200 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its stake in shares of Invesco Water Resources ETF by 5.5% during the third quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after purchasing an additional 5,570 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Invesco Water Resources ETF by 1.9% during the third quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock valued at $582,000 after acquiring an additional 151 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Invesco Water Resources ETF in the third quarter worth about $250,000. FSA Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the third quarter valued at approximately $184,000. Finally, Captrust Financial Advisors raised its position in Invesco Water Resources ETF by 0.8% in the 3rd quarter. Captrust Financial Advisors now owns 22,492 shares of the company’s stock valued at $1,587,000 after purchasing an additional 189 shares in the last quarter.

Invesco Water Resources ETF Stock Down 0.8 %

Shares of PHO traded down $0.54 during mid-day trading on Friday, hitting $69.20. 82,370 shares of the company traded hands, compared to its average volume of 71,392. The business has a 50 day moving average of $69.61 and a 200 day moving average of $67.91. The company has a market capitalization of $2.25 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1-year low of $55.12 and a 1-year high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%.

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.