Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Down 54.9% in February

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,908 shares, a drop of 54.9% from the February 12th total of 4,227 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,734 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 1,734 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

Invesco Dorsey Wright Energy Momentum ETF Trading Down 0.1%

Shares of NASDAQ PXI traded down $0.05 during trading hours on Friday, reaching $56.83. The stock had a trading volume of 12,308 shares, compared to its average volume of 16,282. The firm has a market cap of $47.74 million, a price-to-earnings ratio of 17.22 and a beta of 0.93. The business’s fifty day moving average price is $51.51 and its two-hundred day moving average price is $48.03. Invesco Dorsey Wright Energy Momentum ETF has a 52-week low of $34.54 and a 52-week high of $57.55.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2296 per share. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Creek Financial Management LLC increased its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 43.4% during the third quarter. Clear Creek Financial Management LLC now owns 85,685 shares of the company’s stock valued at $4,016,000 after buying an additional 25,934 shares during the period. Goldman Sachs Group Inc. lifted its stake in Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock worth $1,470,000 after acquiring an additional 2,046 shares during the period. IHT Wealth Management LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth about $976,000. Tower Research Capital LLC TRC increased its position in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock valued at $577,000 after purchasing an additional 4,431 shares during the period. Finally, Trueblood Wealth Management LLC increased its position in Invesco Dorsey Wright Energy Momentum ETF by 5.9% during the 3rd quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after purchasing an additional 575 shares during the period.

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.