Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Up 58.6% in March

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 47,100 shares, an increase of 58.6% from the February 28th total of 29,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 76,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco Water Resources ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth about $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Invesco Water Resources ETF in the fourth quarter worth $33,000. Sunbelt Securities Inc. bought a new stake in shares of Invesco Water Resources ETF during the third quarter worth $36,000. Finally, Kestra Investment Management LLC bought a new stake in Invesco Water Resources ETF during the 4th quarter worth about $37,000.

Invesco Water Resources ETF Stock Performance

Shares of PHO stock traded up $0.23 during trading hours on Monday, hitting $64.52. The company had a trading volume of 29,761 shares, compared to its average volume of 70,684. Invesco Water Resources ETF has a 12 month low of $62.82 and a 12 month high of $72.59. The firm’s fifty day moving average is $66.74 and its 200 day moving average is $68.29. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.098 per share. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

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.