Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Update

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 39,800 shares, a decline of 36.3% from the January 31st total of 62,500 shares. Based on an average daily trading volume, of 70,700 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC lifted its holdings in shares of Invesco Water Resources ETF by 1.9% in the third quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after buying an additional 151 shares in the last quarter. RWA Wealth Partners LLC increased its position in Invesco Water Resources ETF by 3.6% in the fourth quarter. RWA Wealth Partners LLC now owns 4,306 shares of the company’s stock worth $283,000 after purchasing an additional 151 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Invesco Water Resources ETF by 1.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,585 shares of the company’s stock worth $828,000 after purchasing an additional 159 shares during the last quarter. Principal Securities Inc. increased its position in Invesco Water Resources ETF by 37.2% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock worth $39,000 after purchasing an additional 160 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its position in Invesco Water Resources ETF by 0.3% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock worth $4,225,000 after purchasing an additional 180 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $67.23 on Friday. Invesco Water Resources ETF has a one year low of $62.82 and a one year high of $72.59. The company’s fifty day moving average price is $67.00 and its 200-day moving average price is $68.70. The company has a market capitalization of $2.17 billion, a PE ratio of 26.66 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.0923 dividend. The ex-dividend date was Monday, December 23rd.

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.