Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Down 25.4% in February

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 29,700 shares, a decrease of 25.4% from the February 13th total of 39,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 72,900 shares, the short-interest ratio is currently 0.4 days.

Invesco Water Resources ETF Stock Up 0.9 %

Shares of Invesco Water Resources ETF stock traded up $0.61 on Monday, hitting $65.62. 55,999 shares of the company’s stock traded hands, compared to its average volume of 76,772. Invesco Water Resources ETF has a 52-week low of $62.82 and a 52-week high of $72.59. The stock has a market cap of $2.12 billion, a P/E ratio of 25.82 and a beta of 0.96. The firm’s 50-day moving average is $66.91 and its 200 day moving average is $68.48.

Invesco Water Resources ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several hedge funds and other institutional investors have recently modified their holdings of PHO. Bank of America Corp DE grew its holdings in Invesco Water Resources ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock worth $110,940,000 after acquiring an additional 58,316 shares during the period. LPL Financial LLC lifted its position in shares of Invesco Water Resources ETF by 10.2% during the 4th quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock valued at $49,354,000 after acquiring an additional 69,546 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth $34,604,000. HighTower Advisors LLC boosted its position in shares of Invesco Water Resources ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock valued at $27,058,000 after purchasing an additional 5,881 shares during the period. Finally, Royal Bank of Canada increased its stake in Invesco Water Resources ETF by 2.6% in the 4th quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after purchasing an additional 10,405 shares in the last quarter.

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.