Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Down 43.6% in December

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 59,000 shares, a decrease of 43.6% from the December 15th total of 104,600 shares. Based on an average daily volume of 68,000 shares, the short-interest ratio is currently 0.9 days.

Invesco Water Resources ETF Price Performance

PHO stock traded up $1.13 during mid-day trading on Tuesday, reaching $66.50. 63,100 shares of the company traded hands, compared to its average volume of 91,827. The company has a fifty day moving average price of $68.93 and a 200-day moving average price of $68.55. Invesco Water Resources ETF has a 52-week low of $58.32 and a 52-week high of $72.59. The company has a market capitalization of $2.16 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Water Resources ETF

Several institutional investors and hedge funds have recently bought and sold shares of PHO. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invesco Water Resources ETF in the second quarter worth $25,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco Water Resources ETF during the third quarter worth about $36,000. McClarren Financial Advisors Inc. increased its position in shares of Invesco Water Resources ETF by 424.0% in the third quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock worth $48,000 after purchasing an additional 547 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco Water Resources ETF in the third quarter worth approximately $54,000. Finally, Kennebec Savings Bank bought a new stake in Invesco Water Resources ETF during the third quarter valued at approximately $60,000.

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.