Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Declines By 68.1%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 194 shares, a decrease of 68.1% from the January 15th total of 608 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,233 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,233 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Energy Momentum ETF stock traded down $1.48 during trading hours on Thursday, hitting $51.70. The company had a trading volume of 3,650 shares, compared to its average volume of 6,760. Invesco Dorsey Wright Energy Momentum ETF has a twelve month low of $34.54 and a twelve month high of $53.39. The company has a market cap of $43.43 million, a P/E ratio of 17.22 and a beta of 0.93. The company’s 50-day moving average is $47.86 and its two-hundred day moving average is $46.23.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.2296 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 1.8%.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock valued at $1,470,000 after acquiring an additional 2,046 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth about $59,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at about $68,000. Sound Income Strategies LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at about $126,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the third quarter worth about $458,000.

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.