Invesco Water Resources ETF (NASDAQ:PHO) Stock Short Interest Rises 92.7%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 115,757 shares, an increase of 92.7% from the September 15th total of 60,063 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 72,554 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Invesco Water Resources ETF by 13.3% during the 1st quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock worth $22,428,000 after acquiring an additional 39,491 shares during the period. PNC Financial Services Group Inc. raised its stake in Invesco Water Resources ETF by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock valued at $19,741,000 after buying an additional 4,675 shares during the last quarter. Hamilton Wealth LLC raised its stake in Invesco Water Resources ETF by 110.0% during the first quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock valued at $16,517,000 after buying an additional 129,405 shares during the last quarter. Prism Advisors Inc. boosted its holdings in Invesco Water Resources ETF by 12.0% in the first quarter. Prism Advisors Inc. now owns 186,428 shares of the company’s stock worth $12,465,000 after acquiring an additional 19,912 shares in the last quarter. Finally, Thryve Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth $6,812,000.

Invesco Water Resources ETF Trading Up 1.4%

Shares of PHO stock traded up $0.99 during mid-day trading on Thursday, reaching $70.18. The stock had a trading volume of 47,434 shares, compared to its average volume of 91,630. The stock’s 50-day moving average price is $70.03 and its two-hundred day moving average price is $68.69. Invesco Water Resources ETF has a 52-week low of $63.54 and a 52-week high of $74.93. The firm has a market capitalization of $1.95 billion, a PE ratio of 25.38 and a beta of 0.95.

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