Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Update

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 24,088 shares, a drop 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. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Water Resources ETF

Large investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. raised its holdings in shares of Invesco Water Resources ETF by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,343 shares of the company’s stock valued at $1,292,000 after acquiring an additional 169 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Invesco Water Resources ETF by 10.0% during the first quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after purchasing an additional 178 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of Invesco Water Resources ETF by 0.4% during the third quarter. Tocqueville Asset Management L.P. now owns 51,491 shares of the company’s stock worth $3,713,000 after purchasing an additional 183 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Invesco Water Resources ETF by 0.8% in the second quarter. Captrust Financial Advisors now owns 24,677 shares of the company’s stock worth $1,725,000 after purchasing an additional 195 shares during the last quarter. Finally, Pacific Sun Financial Corp increased its position in shares of Invesco Water Resources ETF by 2.5% in the first quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock worth $533,000 after purchasing an additional 195 shares during the last quarter.

Invesco Water Resources ETF Trading Up 0.7%

Shares of NASDAQ:PHO traded up $0.48 during midday trading on Tuesday, reaching $69.08. The company had a trading volume of 52,941 shares, compared to its average volume of 101,974. The stock has a market cap of $2.10 billion, a P/E ratio of 25.38 and a beta of 0.97. The company’s 50 day moving average price is $67.11 and its 200 day moving average price is $69.60. Invesco Water Resources ETF has a 52-week low of $63.54 and a 52-week high of $74.93.

Invesco Water Resources ETF Announces Dividend

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 $0.1228 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

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.