Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Drops By 58.7%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 24,088 shares, a drop of 58.7% from the May 31st total of 58,269 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 151,633 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several hedge funds have recently bought and sold shares of PHO. Hamilton Wealth LLC grew its stake in shares of Invesco Water Resources ETF by 5.0% during the 1st quarter. Hamilton Wealth LLC now owns 123,518 shares of the company’s stock worth $8,258,000 after purchasing an additional 5,887 shares during the period. Ballast Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $106,000. Western Wealth Management LLC purchased a new stake in Invesco Water Resources ETF during the first quarter worth $179,000. Axiom Investment Management LLC purchased a new stake in Invesco Water Resources ETF during the first quarter worth $67,000. Finally, Arkadios Wealth Advisors grew its position in Invesco Water Resources ETF by 3.1% during the first quarter. Arkadios Wealth Advisors now owns 13,899 shares of the company’s stock valued at $929,000 after buying an additional 417 shares during the period.

Invesco Water Resources ETF Stock Down 1.0%

Shares of PHO stock traded down $0.68 on Monday, hitting $68.62. The company had a trading volume of 76,744 shares, compared to its average volume of 102,030. Invesco Water Resources ETF has a twelve month low of $63.54 and a twelve month high of $74.93. The firm has a market cap of $2.08 billion, a P/E ratio of 25.38 and a beta of 0.97. The company has a 50-day moving average price of $67.11 and a 200-day moving average price of $69.61.

Invesco Water Resources ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1228 per share. This represents a $0.49 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

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.