Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Decreases By 58.7%

Invesco Water Resources ETF (NASDAQ:PHO) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,088 shares, a decrease of 58.7% from the May 31st total of 58,269 shares. Based on an average daily volume of 151,633 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $69.08 on Wednesday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 25.38 and a beta of 0.97. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $74.93. The stock’s 50-day moving average price is $67.10 and its two-hundred day moving average price is $69.59.

Invesco Water Resources ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco Water Resources ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PHO. City Holding Co. acquired a new stake in Invesco Water Resources ETF in the fourth quarter valued at approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in Invesco Water Resources ETF in the fourth quarter worth $30,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after purchasing an additional 360 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth about $55,000.

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.