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

Invesco Water Resources ETF (NASDAQ:PHO) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 115,757 shares, a growth of 92.7% from the September 15th total of 60,063 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 72,554 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PHO. Royal Bank of Canada grew its position in shares of Invesco Water Resources ETF by 13.3% in the first quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock valued at $22,428,000 after purchasing an additional 39,491 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Invesco Water Resources ETF by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock worth $19,741,000 after purchasing an additional 4,675 shares during the last quarter. Hamilton Wealth LLC raised its position in shares of Invesco Water Resources ETF by 110.0% during the 1st quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after purchasing an additional 129,405 shares during the last quarter. Prism Advisors Inc. raised its position in shares of Invesco Water Resources ETF by 12.0% during the 1st quarter. Prism Advisors Inc. now owns 186,428 shares of the company’s stock worth $12,465,000 after purchasing an additional 19,912 shares during the last quarter. Finally, Thryve Wealth Management LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter valued at about $6,812,000.

Invesco Water Resources ETF Price Performance

PHO stock traded up $0.12 during mid-day trading on Wednesday, reaching $69.19. 55,831 shares of the company’s stock were exchanged, compared to its average volume of 91,855. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 25.38 and a beta of 0.95. The stock’s 50 day moving average is $70.10 and its 200 day moving average is $68.67. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $74.93.

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