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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,889 shares, a decline of 58.3% from the April 15th total of 9,318 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 15,592 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

NASDAQ PXI traded up $0.92 during trading on Friday, reaching $60.71. 10,352 shares of the company traded hands, compared to its average volume of 15,517. The stock’s 50 day moving average price is $58.17 and its two-hundred day moving average price is $51.83. The company has a market cap of $83.78 million, a price-to-earnings ratio of 17.22 and a beta of 0.65. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.25 and a 1-year high of $62.36.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.1041 per share. This represents a $0.42 dividend on an annualized basis and a 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

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the first quarter valued at approximately $25,000. Osaic Holdings Inc. raised its stake in shares of 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 acquiring an additional 512 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $59,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $68,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock valued at $1,470,000 after acquiring an additional 2,046 shares during the last quarter.

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.