Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Update

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 923 shares, a decline of 82.4% from the March 15th total of 5,233 shares. Based on an average daily volume of 13,511 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Several institutional investors and hedge funds have recently modified their holdings of PXI. Cherry Tree Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at $59,000. Flagship Harbor Advisors LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth $68,000. Osaic Holdings Inc. raised its holdings in Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after acquiring an additional 512 shares during the period. Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth $126,000. Finally, Sunbelt Securities Inc. bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the 3rd quarter worth $458,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of PXI stock traded up $0.22 on Friday, hitting $56.97. The company’s stock had a trading volume of 20,285 shares, compared to its average volume of 16,528. Invesco Dorsey Wright Energy Momentum ETF has a fifty-two week low of $36.02 and a fifty-two week high of $62.36. The firm’s fifty day moving average price is $55.68 and its 200-day moving average price is $50.01. The stock has a market capitalization of $76.91 million, a price-to-earnings ratio of 17.22 and a beta of 0.67.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.1041 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

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.