Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Update

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 39,800 shares, a decline of 36.3% from the January 31st total of 62,500 shares. Based on an average daily volume of 70,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHO. Ameriflex Group Inc. purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth $66,000. Snowden Capital Advisors LLC boosted its holdings in Invesco Water Resources ETF by 1.3% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,585 shares of the company’s stock worth $828,000 after buying an additional 159 shares during the period. Royal Bank of Canada increased its stake in Invesco Water Resources ETF by 2.6% in the 4th quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after buying an additional 10,405 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $126,000. Finally, Captrust Financial Advisors lifted its position in shares of Invesco Water Resources ETF by 3.5% in the fourth quarter. Captrust Financial Advisors now owns 23,274 shares of the company’s stock valued at $1,531,000 after acquiring an additional 782 shares in the last quarter.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $67.23 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 26.66 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $62.82 and a 1 year high of $72.59. The firm has a fifty day moving average price of $67.00 and a 200-day moving average price of $68.70.

Invesco Water Resources ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

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.