Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Decline in Short Interest

Invesco Water Resources ETF (NASDAQ:PHO) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 59,000 shares, a decline of 43.6% from the December 15th total of 104,600 shares. Based on an average daily trading volume, of 68,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Invesco Water Resources ETF

Several hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invesco Water Resources ETF during the 2nd quarter worth $25,000. LPL Financial LLC boosted its holdings in Invesco Water Resources ETF by 17.9% during the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after buying an additional 101,342 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Invesco Water Resources ETF by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 56,521 shares of the company’s stock worth $3,669,000 after buying an additional 822 shares during the period. Renaissance Technologies LLC purchased a new position in Invesco Water Resources ETF in the second quarter valued at about $422,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Invesco Water Resources ETF by 0.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 48,470 shares of the company’s stock worth $3,146,000 after acquiring an additional 301 shares in the last quarter.

Invesco Water Resources ETF Stock Up 1.7 %

PHO traded up $1.13 during trading on Tuesday, hitting $66.50. 63,100 shares of the stock were exchanged, compared to its average volume of 91,827. Invesco Water Resources ETF has a 1-year low of $58.32 and a 1-year high of $72.59. The stock has a fifty day moving average price of $68.93 and a two-hundred day moving average price of $68.55. The firm has a market capitalization of $2.16 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

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

About Invesco Water Resources ETF

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.