Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Drops By 26.3%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 34,700 shares, a drop of 26.3% from the March 15th total of 47,100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 78,800 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Water Resources ETF Price Performance

Invesco Water Resources ETF stock traded up $0.59 during trading hours on Friday, reaching $62.24. The stock had a trading volume of 32,485 shares, compared to its average volume of 70,900. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $72.59. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 24.07 and a beta of 0.96. The business’s 50 day moving average price is $64.66 and its 200-day moving average price is $67.40.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.098 dividend. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of large investors have recently made changes to their positions in PHO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Invesco Water Resources ETF in the third quarter valued at about $54,000. Principal Securities Inc. lifted its stake in shares of Invesco Water Resources ETF by 37.2% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock worth $39,000 after buying an additional 160 shares during the period. Independent Advisor Alliance purchased a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at $639,000. JPMorgan Chase & Co. increased its position in shares of Invesco Water Resources ETF by 44.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,234 shares of the company’s stock valued at $3,544,000 after acquiring an additional 15,339 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in Invesco Water Resources ETF by 10.2% in the 4th quarter. Wealthfront Advisers LLC now owns 5,912 shares of the company’s stock worth $389,000 after acquiring an additional 549 shares during 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.