Invesco Water Resources ETF (NASDAQ:PHO) short interest rose 18.4% in September

Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,300 shares, an increase of 18.4% from August 31st’s total of 31,200 shares. Based on an average daily volume of 68,400 shares, the short interest rate is currently 0.6 days.

Share performance of the Invesco Water Resources ETF

NASDAQ PHO traded up $0.31 during mid-day trading on Friday, reaching $70.51. 88,434 shares of the stock exchanged hands, compared to its average volume of 71,610. The stock has a market cap of $2.28 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.09. The company’s fifty-day simple moving average is $68.45, and its 200-day simple moving average is $66.73.

Invesco Water Resources ETF is cutting dividends

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.28%.

Institutional trading of the Invesco Water Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its position in Invesco Water Resources ETF by 17.9% in the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock valued at $43,398,000 after acquiring an additional 101,342 shares during the last quarter. 1832 Asset Management LP raised its holdings in Invesco Water Resources ETF by 147.7% in the first quarter. 1832 Asset Management LP now owns 524,079 shares of the company’s stock valued at $34,888,000 after purchasing an additional 312,475 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Invesco Water Resources ETF by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 402,507 shares of the company’s stock worth $26,127,000 after purchasing an additional 5,493 shares during the period. Osaic Holdings Inc. boosted its holdings in Invesco Water Resources ETF by 33.4% in the first quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock worth $17,889,000 after buying an additional 67,228 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Water Resources ETF by 0.9% in the second quarter. Cetera Investment Advisers now owns 234,289 shares of the company’s stock worth $15,208,000 after purchasing an additional 2,090 shares in the last quarter.

About Invesco Water Resources ETF

(Get a free report)

The PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price return of the NASDAQ OMX US Water Index (the Underlying Index). Generally, the Fund will invest at least 90% of its total assets in common stocks comprising the underlying index. The underlying index seeks to track the performance of publicly traded US companies that create products designed to conserve and purify water for homes, businesses and industries.

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