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 growth in short interest in March. As of March 15th, there was short interest totalling 47,100 shares, a growth of 58.6% from the February 28th total of 29,700 shares. Based on an average daily volume of 76,200 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Water Resources ETF Stock Down 1.5 %

NASDAQ PHO traded down $0.99 during trading hours on Friday, reaching $64.29. The company’s stock had a trading volume of 32,568 shares, compared to its average volume of 70,848. Invesco Water Resources ETF has a 1 year low of $62.82 and a 1 year high of $72.59. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96. The firm’s 50-day moving average price is $66.74 and its 200-day moving average price is $68.27.

Invesco Water Resources ETF Increases Dividend

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

Institutional Trading of Invesco Water Resources ETF

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC boosted its position in shares of Invesco Water Resources ETF by 1.6% during the 3rd quarter. Cerity Partners LLC now owns 56,842 shares of the company’s stock valued at $4,010,000 after acquiring an additional 904 shares during the last quarter. Bank of Montreal Can raised its position in shares of Invesco Water Resources ETF by 9.0% during the 3rd quarter. Bank of Montreal Can now owns 39,907 shares of the company’s stock valued at $2,814,000 after buying an additional 3,283 shares in the last quarter. FMR LLC lifted its holdings in shares of Invesco Water Resources ETF by 24.0% in the 3rd quarter. FMR LLC now owns 19,521 shares of the company’s stock valued at $1,377,000 after acquiring an additional 3,783 shares during the last quarter. Glenmede Trust Co. NA grew its position in Invesco Water Resources ETF by 8.1% in the third quarter. Glenmede Trust Co. NA now owns 21,400 shares of the company’s stock worth $1,510,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Financial Counselors Inc. bought a new stake in Invesco Water Resources ETF during the third quarter worth approximately $204,000.

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.