Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Sees Large Decline in Short Interest

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,908 shares, a drop of 54.9% from the February 12th total of 4,227 shares. Based on an average daily volume of 1,734 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,734 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

PXI traded down $0.05 during trading on Friday, hitting $56.83. The stock had a trading volume of 12,308 shares, compared to its average volume of 16,282. The firm has a market capitalization of $47.74 million, a P/E ratio of 17.22 and a beta of 0.93. Invesco Dorsey Wright Energy Momentum ETF has a twelve month low of $34.54 and a twelve month high of $57.55. The company’s 50-day moving average price is $51.51 and its 200 day moving average price is $48.03.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.2296 per share. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXI. Cherry Tree Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at about $59,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $68,000. Osaic Holdings Inc. grew its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after buying an additional 512 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter valued at approximately $458,000.

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.