Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Declines By 17.5%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 16,874 shares, a drop of 17.5% from the February 26th total of 20,464 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 96,407 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Water Resources ETF

Hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new stake in Invesco Water Resources ETF during the fourth quarter worth about $27,057,000. Corient Private Wealth LLC lifted its position in shares of Invesco Water Resources ETF by 1,232.1% in the 4th quarter. Corient Private Wealth LLC now owns 248,991 shares of the company’s stock worth $17,531,000 after acquiring an additional 230,299 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $13,963,000. Thryve Wealth Management LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $6,812,000. Finally, WealthSpring Partners LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $6,741,000.

Invesco Water Resources ETF Price Performance

NASDAQ:PHO opened at $66.86 on Wednesday. The stock has a market cap of $1.98 billion, a P/E ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a one year low of $57.11 and a one year high of $74.93. The company has a fifty day moving average price of $70.87 and a 200 day moving average price of $71.64.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1046 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

Invesco Water Resources ETF Company Profile

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.