Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Expands By 95.2%

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 95,409 shares, a growth of 95.2% from the July 15th total of 48,878 shares. Based on an average daily volume of 91,966 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth about $30,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth $30,000. Geneos Wealth Management Inc. boosted its stake in shares of Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after purchasing an additional 360 shares during the period. Motiv8 Investments LLC bought a new position in shares of Invesco Water Resources ETF in the fourth quarter worth about $55,000. Finally, Sankala Group LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter worth about $57,000.

Invesco Water Resources ETF Trading Down 1.1%

Shares of Invesco Water Resources ETF stock opened at $71.21 on Tuesday. The firm has a market cap of $2.03 billion, a PE ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 12 month low of $63.54 and a 12 month high of $74.93. The stock has a 50 day moving average of $69.32 and a 200 day moving average of $69.07.

Invesco Water Resources ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1228 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.49 annualized dividend and a yield of 0.7%.

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.