Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Up 163.7% in December

Invesco Water Resources ETF (NASDAQ:PHO) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 17,747 shares, an increase of 163.7% from the December 15th total of 6,729 shares. Based on an average daily volume of 44,339 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 44,339 shares, the short-interest ratio is presently 0.4 days.

Invesco Water Resources ETF Stock Up 1.2%

Invesco Water Resources ETF stock traded up $0.91 during trading on Thursday, hitting $74.35. The stock had a trading volume of 44,249 shares, compared to its average volume of 70,174. The stock’s 50 day moving average is $71.66 and its two-hundred day moving average is $71.86. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $74.93. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.0833 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%.

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Invesco Water Resources ETF in the third quarter valued at approximately $29,000. AE Wealth Management LLC raised its holdings in Invesco Water Resources ETF by 5,081.8% during the 2nd quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $40,000 after acquiring an additional 559 shares during the period. Keener Financial Planning LLC bought a new stake in Invesco Water Resources ETF during the 2nd quarter valued at $41,000. Geneos Wealth Management Inc. lifted its position 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 worth $41,000 after acquiring an additional 360 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Invesco Water Resources ETF by 45.4% in the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after acquiring an additional 184 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.