Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Increase in Short Interest

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 95,409 shares, an increase of 95.2% from the July 15th total of 48,878 shares. Based on an average daily trading volume, of 91,966 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

Invesco Water Resources ETF Stock Down 0.3%

Shares of NASDAQ PHO traded down $0.24 during trading on Friday, reaching $71.97. The company had a trading volume of 79,833 shares, compared to its average volume of 98,183. The stock has a market cap of $2.05 billion, a PE ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $74.93. The business’s 50-day moving average is $69.21 and its 200 day moving average is $69.12.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.1228 per share. This represents a $0.49 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Water Resources ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its position in shares of Invesco Water Resources ETF by 1,232.1% during the fourth quarter. Corient Private Wealth LLC now owns 248,991 shares of the company’s stock worth $17,531,000 after acquiring an additional 230,299 shares during the last quarter. Hamilton Wealth LLC raised its stake in shares of Invesco Water Resources ETF by 110.0% during the first quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock valued at $16,517,000 after acquiring an additional 129,405 shares in the last quarter. Thryve Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth $6,812,000. WealthSpring Partners LLC purchased a new position in Invesco Water Resources ETF during the 4th quarter valued at about $6,741,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco Water Resources ETF by 98.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,519 shares of the company’s stock worth $7,007,000 after buying an additional 49,247 shares in the last quarter.

About Invesco Water Resources ETF

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.