Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Update

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,708 shares, an increase of 108.7% from the June 30th total of 1,777 shares. Based on an average daily volume of 79,532 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s stock are short sold.

Invesco Dorsey Wright Energy Momentum ETF Trading Up 0.7%

Invesco Dorsey Wright Energy Momentum ETF stock traded up $0.40 during mid-day trading on Thursday, hitting $57.72. 426 shares of the company’s stock were exchanged, compared to its average volume of 19,573. The stock has a market cap of $58.87 million, a P/E ratio of 17.22 and a beta of 0.61. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.88 and a 1-year high of $62.36. The stock has a 50 day moving average of $57.29 and a two-hundred day moving average of $56.02.

Invesco Dorsey Wright Energy Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.1822 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after purchasing an additional 105,108 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the first quarter valued at approximately $355,000. Cherry Tree Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $59,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $68,000. Finally, Sound Income Strategies LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000.

About Invesco Dorsey Wright Energy Momentum ETF

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.