Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Grows By 22.6%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 111,900 shares, a growth of 22.6% from the October 15th total of 91,300 shares. Based on an average trading volume of 64,200 shares, the short-interest ratio is currently 1.7 days.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock traded down $0.56 on Friday, hitting $69.18. 82,374 shares of the company traded hands, compared to its average volume of 71,392. The business has a 50-day simple moving average of $69.67 and a 200 day simple moving average of $67.99. Invesco Water Resources ETF has a 52 week low of $55.12 and a 52 week high of $72.59. The stock has a market capitalization of $2.25 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PHO. LPL Financial LLC raised its stake in Invesco Water Resources ETF by 17.9% during the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock valued at $43,398,000 after purchasing an additional 101,342 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Invesco Water Resources ETF by 147.7% in the 1st quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock valued at $34,888,000 after buying an additional 312,475 shares during the period. Commonwealth Equity Services LLC increased its holdings in Invesco Water Resources ETF by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 402,507 shares of the company’s stock worth $26,127,000 after purchasing an additional 5,493 shares during the period. Raymond James & Associates raised its holdings in shares of Invesco Water Resources ETF by 159.4% in the third quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after acquiring an additional 185,770 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in Invesco Water Resources ETF by 33.4% during the 1st quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock valued at $17,889,000 after purchasing an additional 67,228 shares during the period.

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.