Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Short Interest Down 58.3% in April

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,889 shares, a decline of 58.3% from the April 15th total of 9,318 shares. Based on an average daily trading volume, of 15,592 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of NASDAQ:PXI traded up $0.92 on Friday, hitting $60.71. 10,352 shares of the company’s stock were exchanged, compared to its average volume of 15,517. The firm’s 50-day moving average is $58.17 and its 200 day moving average is $51.83. The company has a market capitalization of $83.78 million, a PE ratio of 17.22 and a beta of 0.65. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $40.25 and a 1-year high of $62.36.

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Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1041 per share. 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PXI. Janney Montgomery Scott LLC boosted its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after acquiring an additional 105,108 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 43.4% in the third quarter. Clear Creek Financial Management LLC now owns 85,685 shares of the company’s stock valued at $4,016,000 after acquiring an additional 25,934 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $976,000. Sunbelt Securities Inc. acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter valued at $458,000. Finally, Silver Oak Securities Incorporated acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at $355,000.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

(Get Free Report)

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.

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