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 January. As of January 15th, there was short interest totaling 3,451 shares, a decrease of 80.6% from the December 31st total of 17,747 shares. Based on an average daily trading volume, of 69,274 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 69,274 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Water Resources ETF Trading Down 1.4%

Shares of PHO stock traded down $1.04 during mid-day trading on Wednesday, reaching $72.12. The stock had a trading volume of 84,303 shares, compared to its average volume of 66,868. The stock’s 50-day moving average price is $72.06 and its two-hundred day moving average price is $72.04. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $74.93. The firm has a market capitalization of $2.14 billion, a PE ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0833 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.33 annualized dividend and a yield of 0.5%.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV raised its holdings in Invesco Water Resources ETF by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,144 shares of the company’s stock worth $587,000 after purchasing an additional 175 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in Invesco Water Resources ETF by 0.4% in the third quarter. Tocqueville Asset Management L.P. now owns 51,491 shares of the company’s stock worth $3,713,000 after buying an additional 183 shares during the period. Assetmark Inc. boosted its position in Invesco Water Resources ETF by 45.4% during the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after acquiring an additional 184 shares in the last quarter. Captrust Financial Advisors boosted its position in Invesco Water Resources ETF by 0.8% during the 2nd quarter. Captrust Financial Advisors now owns 24,677 shares of the company’s stock valued at $1,725,000 after acquiring an additional 195 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Invesco Water Resources ETF by 3.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,797 shares of the company’s stock valued at $408,000 after purchasing an additional 201 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.