Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Update

Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 39,300 shares, a growth of 18.4% from the August 31st total of 33,200 shares. Based on an average daily trading volume, of 68,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several institutional investors have recently modified their holdings of the company. TruWealth Advisors LLC lifted its holdings in shares of Invesco Water Resources ETF by 3.5% during the 2nd quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $283,000 after acquiring an additional 148 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Invesco Water Resources ETF by 4.6% during the 1st quarter. Perigon Wealth Management LLC now owns 3,504 shares of the company’s stock valued at $233,000 after purchasing an additional 155 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco Water Resources ETF by 2.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock valued at $488,000 after purchasing an additional 189 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of Invesco Water Resources ETF by 0.7% in the 1st quarter. Verity Asset Management Inc. now owns 31,753 shares of the company’s stock valued at $2,114,000 after acquiring an additional 224 shares in the last quarter. Finally, Private Wealth Advisors LLC lifted its position in Invesco Water Resources ETF by 1.1% in the 2nd quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock worth $1,343,000 after buying an additional 230 shares in the last quarter.

Invesco Water Resources ETF Stock Down 0.8 %

NASDAQ PHO traded down $0.59 during trading hours on Monday, hitting $69.92. 95,649 shares of the company were exchanged, compared to its average volume of 71,465. Invesco Water Resources ETF has a 52-week low of $49.65 and a 52-week high of $71.09. The company has a 50 day moving average of $68.45 and a two-hundred day moving average of $66.73. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.20 annualized dividend and a yield of 0.29%.

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.