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 recipient of a significant growth in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 8,692 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PXI. Advisors Preferred LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the first quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $59,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $68,000. Osaic Holdings Inc. lifted its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after acquiring an additional 512 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $126,000.

Invesco Dorsey Wright Energy Momentum ETF Trading Down 2.6%

Shares of NASDAQ PXI 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 firm 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 fifty day moving average price is $58.55 and its two-hundred 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 disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.1041 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a yield of 0.7%.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.