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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 194 shares, a drop of 68.1% from the January 15th total of 608 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,233 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 2,233 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXI. Advantage Trust Co acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the second quarter valued at approximately $26,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth $59,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at $68,000. Osaic Holdings Inc. grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after buying an additional 512 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth $126,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of NASDAQ:PXI opened at $53.38 on Wednesday. The stock has a market capitalization of $44.84 million, a price-to-earnings ratio of 17.22 and a beta of 0.93. The company’s fifty day moving average is $47.75 and its two-hundred day moving average is $46.18. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $34.54 and a 1-year high of $53.39.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.2296 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 22nd.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.