Invesco Water Resources ETF (NASDAQ:PHO) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,200 shares, a decline of 10.0% from the August 31st total of 8,000 shares. Based on an average daily trading volume, of 47,600 shares, the short-interest ratio is currently 0.2 days.
PHO stock traded up $0.23 during mid-day trading on Friday, hitting $40.05. 32,493 shares of the company were exchanged, compared to its average volume of 80,201. Invesco Water Resources ETF has a twelve month low of $26.19 and a twelve month high of $41.23. The firm has a fifty day simple moving average of $39.60 and a 200 day simple moving average of $36.33.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.036 per share. This represents a $0.14 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Monday, September 21st.
A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in Invesco Water Resources ETF by 15.5% during the 2nd quarter. FMR LLC now owns 5,176 shares of the company’s stock worth $188,000 after acquiring an additional 695 shares in the last quarter. Equitable Trust Co. acquired a new position in shares of Invesco Water Resources ETF in the 2nd quarter valued at about $215,000. Private Advisor Group LLC boosted its holdings in shares of Invesco Water Resources ETF by 25.2% in the 2nd quarter. Private Advisor Group LLC now owns 22,441 shares of the company’s stock valued at $816,000 after buying an additional 4,514 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Invesco Water Resources ETF by 26.9% in the 2nd quarter. Captrust Financial Advisors now owns 10,623 shares of the company’s stock valued at $384,000 after buying an additional 2,252 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Invesco Water Resources ETF by 7.2% in the 2nd quarter. Baird Financial Group Inc. now owns 22,109 shares of the company’s stock valued at $854,000 after buying an additional 1,477 shares during the period.
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.
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