Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Declines By 58.7%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,088 shares, a decrease of 58.7% from the May 31st total of 58,269 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 151,633 shares, the short-interest ratio is presently 0.2 days.

Invesco Water Resources ETF Stock Down 1.0%

Shares of PHO stock traded down $0.68 during mid-day trading on Monday, hitting $68.62. 76,744 shares of the stock were exchanged, compared to its average volume of 102,030. Invesco Water Resources ETF has a 52-week low of $63.54 and a 52-week high of $74.93. The company has a market cap of $2.08 billion, a PE ratio of 25.38 and a beta of 0.97. The firm has a fifty day moving average of $67.11 and a 200 day moving average of $69.61.

Invesco Water Resources ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.1228 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.49 dividend on an annualized basis and a yield of 0.7%.

Institutional Trading of Invesco Water Resources ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of Invesco Water Resources ETF by 5.3% during the 1st quarter. NewEdge Advisors LLC now owns 16,980 shares of the company’s stock worth $1,096,000 after purchasing an additional 853 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Invesco Water Resources ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 13,692 shares of the company’s stock valued at $957,000 after acquiring an additional 1,110 shares during the last quarter. Brown Advisory Inc. lifted its stake in Invesco Water Resources ETF by 4.0% in the 2nd quarter. Brown Advisory Inc. now owns 10,776 shares of the company’s stock worth $753,000 after purchasing an additional 413 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Invesco Water Resources ETF by 2.2% during the 2nd quarter. Cerity Partners LLC now owns 59,490 shares of the company’s stock worth $4,160,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco Water Resources ETF in the second quarter valued at approximately $595,000.

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.