Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Expands By 909.5%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 9,318 shares, a growth of 909.5% from the March 31st total of 923 shares. Based on an average trading volume of 20,022 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are short sold.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

NASDAQ PXI traded up $0.12 during trading hours on Friday, hitting $58.06. The company had a trading volume of 3,057 shares, compared to its average volume of 16,134. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $38.36 and a 1-year high of $62.36. The company has a market cap of $78.38 million, a PE ratio of 17.22 and a beta of 0.67. The business has a 50 day moving average of $56.50 and a 200-day moving average of $50.58.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1041 dividend. This represents a $0.42 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PXI. Janney Montgomery Scott LLC raised its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% in the first quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock valued at $6,587,000 after buying an additional 105,108 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 43.4% in the third quarter. Clear Creek Financial Management LLC now owns 85,685 shares of the company’s stock valued at $4,016,000 after buying an additional 25,934 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at about $976,000. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter valued at about $458,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at about $355,000.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.