Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Update

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 923 shares, a decrease of 82.4% from the March 15th total of 5,233 shares. Based on an average daily volume of 13,511 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of PXI stock traded up $0.22 during trading hours on Friday, reaching $56.97. 20,285 shares of the company were exchanged, compared to its average volume of 16,528. Invesco Dorsey Wright Energy Momentum ETF has a fifty-two week low of $36.02 and a fifty-two week high of $62.36. The stock’s fifty day moving average is $55.68 and its two-hundred day moving average is $50.01. The company has a market cap of $76.91 million, a price-to-earnings ratio of 17.22 and a beta of 0.67.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.1041 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Cherry Tree Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth approximately $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $68,000. Osaic Holdings Inc. increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000. Finally, Sunbelt Securities Inc. bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the third quarter valued at approximately $458,000.

About Invesco Dorsey Wright Energy Momentum ETF

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.