Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Up 313.1% in December

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,892 shares, a growth of 313.1% from the December 15th total of 458 shares. Based on an average daily trading volume, of 12,834 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 12,834 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors have recently made changes to their positions in PXI. Clear Creek Financial Management LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter valued at about $2,577,000. Sunbelt Securities Inc. acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the third quarter worth about $458,000. Tower Research Capital LLC TRC lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 49.5% in the second quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock worth $577,000 after acquiring an additional 4,431 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 13.2% in the second quarter. Trueblood Wealth Management LLC now owns 9,763 shares of the company’s stock valued at $421,000 after acquiring an additional 1,140 shares during the period. Finally, Advantage Trust Co acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the second quarter valued at approximately $26,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ:PXI opened at $46.90 on Tuesday. The firm has a 50-day moving average of $46.39 and a two-hundred day moving average of $45.22. The stock has a market cap of $39.40 million, a P/E ratio of 17.22 and a beta of 0.93. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $34.54 and a 1-year high of $48.88.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid 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 was Monday, December 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.