Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Decreases By 67.9%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 608 shares, a decrease of 67.9% from the December 31st total of 1,892 shares. Based on an average daily volume of 3,899 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,899 shares, the short-interest ratio is currently 0.2 days.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of NASDAQ:PXI traded down $0.04 on Friday, hitting $50.49. 2,309 shares of the company were exchanged, compared to its average volume of 3,070. The company’s 50 day moving average price is $46.96 and its two-hundred day moving average price is $45.69. Invesco Dorsey Wright Energy Momentum ETF has a one year low of $34.54 and a one year high of $50.98. The firm has a market capitalization of $42.41 million, a price-to-earnings ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2296 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Institutional investors have recently bought and sold shares of the business. Clear Creek Financial Management LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter valued at $2,577,000. Sunbelt Securities Inc. acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $458,000. Tower Research Capital LLC TRC lifted its stake in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock worth $577,000 after purchasing an additional 4,431 shares during the period. Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $126,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at approximately $68,000.

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.