Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Increases By 80.8%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,575 shares, a growth of 80.8% from the May 14th total of 871 shares. Based on an average daily volume of 8,692 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

PXI stock traded down $0.80 during trading on Tuesday, hitting $55.65. The stock had a trading volume of 12,795 shares, compared to its average volume of 14,480. The company’s 50 day moving average price is $58.51 and its two-hundred day moving average price is $53.68. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.88 and a 1-year high of $62.36. The stock has a market cap of $76.80 million, a price-to-earnings ratio of 17.22 and a beta of 0.62.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Several hedge funds have recently made changes to their positions in PXI. Advisors Preferred LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter valued at about $25,000. Cherry Tree Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at about $59,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth approximately $68,000. Osaic Holdings Inc. increased its position in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after purchasing an additional 512 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth approximately $126,000.

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.