Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Expands By 174.3%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 5,233 shares, a growth of 174.3% from the February 26th total of 1,908 shares. Based on an average daily trading volume, of 58,222 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 58,222 shares, the short-interest ratio is presently 0.1 days.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of PXI opened at $60.07 on Wednesday. Invesco Dorsey Wright Energy Momentum ETF has a fifty-two week low of $34.54 and a fifty-two week high of $60.52. The business has a 50-day moving average of $53.13 and a 200 day moving average of $48.78. The firm has a market cap of $50.46 million, a P/E ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be given a $0.1041 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PXI. Osaic Holdings Inc. lifted its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after buying an additional 512 shares in the last quarter. Trueblood Wealth Management LLC grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 5.9% during the third quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after acquiring an additional 575 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth approximately $68,000. Finally, Goldman Sachs Group Inc. lifted its stake in Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock worth $1,470,000 after purchasing an additional 2,046 shares in the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.