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

Invesco Water Resources ETF (NASDAQ:PHO) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 47,100 shares, a growth of 58.6% from the February 28th total of 29,700 shares. Based on an average trading volume of 76,200 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Invesco Water Resources ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Redwood Park Advisors LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new position in Invesco Water Resources ETF in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Invesco Water Resources ETF in the 4th quarter valued at approximately $33,000. Sunbelt Securities Inc. bought a new stake in Invesco Water Resources ETF during the 3rd quarter valued at $36,000. Finally, Kestra Investment Management LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter worth $37,000.

Invesco Water Resources ETF Stock Up 0.4 %

Shares of Invesco Water Resources ETF stock traded up $0.23 during trading hours on Monday, hitting $64.52. 29,761 shares of the company’s stock traded hands, compared to its average volume of 70,684. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59. The stock has a 50 day simple moving average of $66.74 and a 200-day simple moving average of $68.29. The company has a market cap of $2.08 billion, a PE ratio of 25.16 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.098 per share. This is a boost from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

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.