Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,780 shares, a decline of 52.0% from the July 15th total of 3,708 shares. Based on an average trading volume of 23,512 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 31.1% in the first quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock worth $2,743,000 after acquiring an additional 10,930 shares during the period. Royal Bank of Canada lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% in the first quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock valued at $422,000 after acquiring an additional 6,706 shares during the period. Advisors Preferred LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at about $25,000. Janney Montgomery Scott LLC boosted its position in Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% in the first quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after purchasing an additional 105,108 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the first quarter worth about $355,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Invesco Dorsey Wright Energy Momentum ETF stock traded up $0.90 during midday trading on Friday, reaching $63.09. 1,613 shares of the company traded hands, compared to its average volume of 18,476. The firm has a market capitalization of $55.52 million, a price-to-earnings ratio of 17.22 and a beta of 0.63. The business has a 50 day moving average of $57.52 and a two-hundred day moving average of $56.93. Invesco Dorsey Wright Energy Momentum ETF has a 12 month low of $40.88 and a 12 month high of $63.22.

Invesco Dorsey Wright Energy Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.1822 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.