Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Drops By 36.3%

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 39,800 shares, a decline of 36.3% from the January 31st total of 62,500 shares. Based on an average daily volume of 70,700 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHO. Redwood Park Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new position in Invesco Water Resources ETF during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Invesco Water Resources ETF during the 4th quarter worth about $33,000. Sunbelt Securities Inc. acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at approximately $36,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at approximately $37,000.

Invesco Water Resources ETF Stock Down 1.2 %

Invesco Water Resources ETF stock traded down $0.77 during trading hours on Tuesday, hitting $65.78. The stock had a trading volume of 15,448 shares, compared to its average volume of 75,860. The company has a market cap of $2.12 billion, a PE ratio of 26.66 and a beta of 0.96. The company has a 50-day moving average of $67.00 and a two-hundred day moving average of $68.70. Invesco Water Resources ETF has a fifty-two week low of $62.82 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.