Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Decreases By 58.3%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 3,889 shares, a decrease of 58.3% from the April 15th total of 9,318 shares. Based on an average trading volume of 15,592 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ PXI opened at $60.71 on Friday. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $40.25 and a 1 year high of $62.36. The company has a market capitalization of $83.78 million, a PE ratio of 17.22 and a beta of 0.65. The company has a fifty day moving average of $58.17 and a two-hundred day moving average of $51.83.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1041 dividend. This represents a $0.42 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Large investors have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at $25,000. Cherry Tree Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $59,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $68,000. Osaic Holdings Inc. boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after acquiring an additional 512 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $126,000.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.