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

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

Hedge Funds Weigh In On Invesco Water Resources ETF

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

Invesco Water Resources ETF Price Performance

Invesco Water Resources ETF stock traded up $0.42 during midday trading on Friday, hitting $66.81. 43,497 shares of the company were exchanged, compared to its average volume of 95,756. The company’s fifty day moving average price is $67.36 and its 200-day moving average price is $69.95. The company has a market cap of $2.03 billion, a PE 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.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1046 per share. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a yield of 0.6%.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.