Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Drops By 25.4%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 29,700 shares, a decrease of 25.4% from the February 13th total of 39,800 shares. Based on an average daily trading volume, of 72,900 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco Water Resources ETF Price Performance

Shares of PHO traded up $1.24 during mid-day trading on Friday, reaching $65.01. The stock had a trading volume of 43,480 shares, compared to its average volume of 77,240. Invesco Water Resources ETF has a 52-week low of $62.82 and a 52-week high of $72.59. The business’s fifty day moving average is $66.91 and its 200 day moving average is $68.48. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 25.82 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of hedge funds have recently modified their holdings of PHO. Raymond James Financial Inc. purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco Water Resources ETF during the fourth quarter worth about $7,366,000. LPL Financial LLC boosted its stake in Invesco Water Resources ETF by 10.2% during the fourth quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock worth $49,354,000 after buying an additional 69,546 shares during the period. Bank of America Corp DE boosted its stake in Invesco Water Resources ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock worth $110,940,000 after buying an additional 58,316 shares during the period. Finally, IFP Advisors Inc boosted its stake in Invesco Water Resources ETF by 945.0% during the fourth quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock worth $2,332,000 after buying an additional 32,055 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.