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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a significant increase in short interest during the month of 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. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 13,644 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 13,644 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cherry Tree Wealth Management LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $59,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth about $68,000. Osaic Holdings Inc. boosted its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at about $126,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the third quarter valued at about $458,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of NASDAQ PXI traded down $0.13 during trading hours on Wednesday, hitting $53.26. The company’s stock had a trading volume of 901 shares, compared to its average volume of 5,778. Invesco Dorsey Wright Energy Momentum ETF has a 12 month low of $34.54 and a 12 month high of $53.75. The stock has a market cap of $44.74 million, a price-to-earnings ratio of 17.22 and a beta of 0.93. The business has a 50-day simple moving average of $48.90 and a 200-day simple moving average of $46.89.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.2296 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22.

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.