Short Interest in Invesco Water Resources ETF (NASDAQ:PHO) Declines By 25.4%

Invesco Water Resources ETF (NASDAQ:PHO) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 29,700 shares, a drop of 25.4% from the February 13th total of 39,800 shares. Based on an average daily trading volume, of 72,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco Water Resources ETF by 4.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,056 shares of the company’s stock valued at $1,714,000 after acquiring an additional 1,170 shares during the last quarter. Ameriflex Group Inc. bought a new position in Invesco Water Resources ETF in the fourth quarter valued at about $66,000. Snowden Capital Advisors LLC boosted its holdings in Invesco Water Resources ETF by 1.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,585 shares of the company’s stock valued at $828,000 after acquiring an additional 159 shares during the last quarter. Royal Bank of Canada boosted its holdings in Invesco Water Resources ETF by 2.6% in the fourth quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock valued at $26,666,000 after acquiring an additional 10,405 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Invesco Water Resources ETF in the fourth quarter valued at about $126,000.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $65.50 on Tuesday. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59. The firm has a market cap of $2.11 billion, a PE ratio of 25.82 and a beta of 0.96. The business has a fifty day moving average of $66.91 and a 200-day moving average of $68.45.

Invesco Water Resources ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.0923 dividend. 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.