Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Declines By 33.5%

Invesco Water Resources ETF (NASDAQ:PHO) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 6,729 shares, a decline of 33.5% from the November 30th total of 10,122 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 55,912 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 55,912 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO traded down $0.36 during mid-day trading on Tuesday, hitting $71.23. The company’s stock had a trading volume of 44,790 shares, compared to its average volume of 61,032. The company’s fifty day simple moving average is $71.88 and its 200-day simple moving average is $71.63. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a one year low of $57.11 and a one year high of $74.93.

Invesco Water Resources ETF Cuts Dividend

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

Institutional Trading of Invesco Water Resources ETF

Several hedge funds have recently added to or reduced their stakes in PHO. Eastern Bank acquired a new position in Invesco Water Resources ETF during the third quarter valued at approximately $29,000. Garde Capital Inc. bought a new stake in shares of Invesco Water Resources ETF during the 2nd quarter worth approximately $32,000. AE Wealth Management LLC raised its stake in shares of 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 worth $40,000 after purchasing an additional 559 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Invesco Water Resources ETF by 45.4% in the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after buying an additional 184 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Invesco Water Resources ETF by 156.5% in the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after buying an additional 360 shares in the last quarter.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.