Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Up 22.6% in October

Invesco Water Resources ETF (NASDAQ:PHO) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 111,900 shares, a growth of 22.6% from the October 15th total of 91,300 shares. Based on an average daily trading volume, of 64,200 shares, the short-interest ratio is presently 1.7 days.

Invesco Water Resources ETF Stock Performance

Invesco Water Resources ETF stock traded down $0.56 during midday trading on Friday, reaching $69.18. The stock had a trading volume of 82,374 shares, compared to its average volume of 71,392. The stock has a market capitalization of $2.25 billion, a PE ratio of 37.18 and a beta of 0.96. The stock’s 50-day simple moving average is $69.67 and its 200 day simple moving average is $67.99. Invesco Water Resources ETF has a twelve month low of $55.12 and a twelve month high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Trading of Invesco Water Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its position in shares of Invesco Water Resources ETF by 17.9% in the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after acquiring an additional 101,342 shares in the last quarter. 1832 Asset Management L.P. raised its position in Invesco Water Resources ETF by 147.7% in the first quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock valued at $34,888,000 after purchasing an additional 312,475 shares during the period. Commonwealth Equity Services LLC raised its position 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 valued at $26,127,000 after purchasing an additional 5,493 shares during the period. Raymond James & Associates lifted its stake in shares of Invesco Water Resources ETF by 159.4% during the third quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock worth $21,323,000 after purchasing an additional 185,770 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of 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 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.