Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Up 80.8% in May

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,575 shares, a growth of 80.8% from the May 14th total of 871 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,692 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Invesco Dorsey Wright Energy Momentum ETF stock traded down $1.54 during trading hours on Monday, reaching $56.67. The stock had a trading volume of 51,804 shares, compared to its average volume of 14,469. The company has a market cap of $78.20 million, a price-to-earnings ratio of 17.22 and a beta of 0.62. The business’s 50 day moving average price is $58.55 and its 200-day moving average price is $53.60. Invesco Dorsey Wright Energy Momentum ETF has a 52 week low of $40.88 and a 52 week high of $62.36.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.1041 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.7%.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the first quarter worth about $25,000. Cherry Tree Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at about $59,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at about $68,000. Osaic Holdings Inc. increased 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 valued at $102,000 after acquiring an additional 512 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at about $126,000.

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.