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

Invesco Water Resources ETF (NASDAQ:PHO) saw 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 trading volume of 70,700 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco Water Resources ETF

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

Invesco Water Resources ETF Stock Performance

Shares of PHO traded down $0.68 during midday trading on Monday, hitting $66.55. 91,122 shares of the company traded hands, compared to its average volume of 77,481. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 26.66 and a beta of 0.96. The firm has a 50 day moving average of $67.00 and a 200-day moving average of $68.70. Invesco Water Resources ETF has a 52 week low of $62.82 and a 52 week high of $72.59.

Invesco Water Resources ETF Announces Dividend

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