Invesco Water Resources ETF (NASDAQ:PHO) Sees Significant Drop in Short Interest

Invesco Water Resources ETF (NASDAQ:PHO) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 16,874 shares, a decrease of 17.5% from the February 26th total of 20,464 shares. Based on an average trading volume of 96,407 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Water Resources ETF Price Performance

PHO opened at $65.49 on Monday. The firm has a market cap of $1.94 billion, a PE ratio of 25.38 and a beta of 1.02. The business has a fifty day simple moving average of $71.16 and a 200-day simple moving average of $71.72. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $74.93.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1046 per share. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco Water Resources ETF

Institutional investors have recently bought and sold shares of the stock. City Holding Co. acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth about $28,000. Eastern Bank acquired a new position in shares of Invesco Water Resources ETF in the third quarter worth about $29,000. Strengthening Families & Communities LLC purchased a new position in shares of Invesco Water Resources ETF in the fourth quarter worth approximately $30,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco Water Resources ETF in the fourth quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after acquiring an additional 360 shares during the period.

About Invesco Water Resources ETF

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.