Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Update

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 4,227 shares, an increase of 2,078.9% from the January 29th total of 194 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 13,644 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 13,644 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Hedge funds have recently modified their holdings of the business. Cherry Tree Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth about $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $68,000. Osaic Holdings Inc. boosted its stake in 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 acquiring an additional 512 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $126,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the third quarter valued at approximately $458,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 0.2%

Shares of NASDAQ:PXI traded down $0.13 during trading on Wednesday, hitting $53.26. The stock had a trading volume of 901 shares, compared to its average volume of 5,778. The company has a market capitalization of $44.74 million, a PE ratio of 17.22 and a beta of 0.93. The firm’s fifty day moving average is $48.90 and its 200 day moving average is $46.89. Invesco Dorsey Wright Energy Momentum ETF has a 12 month low of $34.54 and a 12 month high of $53.75.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2296 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. This is a positive change 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.