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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXIGet Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,780 shares, a decrease of 52.0% from the July 15th total of 3,708 shares. Based on an average daily volume of 23,512 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of PXI traded up $0.90 on Friday, reaching $63.09. The company’s stock had a trading volume of 1,613 shares, compared to its average volume of 18,476. The stock has a market capitalization of $55.52 million, a P/E ratio of 17.22 and a beta of 0.63. The stock’s 50 day simple moving average is $57.52 and its two-hundred day simple moving average is $56.93. Invesco Dorsey Wright Energy Momentum ETF has a 12-month low of $40.88 and a 12-month high of $63.22.

Invesco Dorsey Wright Energy Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.1822 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.73 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock valued at $577,000 after acquiring an additional 4,431 shares during the period. 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 purchasing an additional 512 shares during the period. Sunbelt Securities Inc. purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the third quarter valued at $458,000. Cherry Tree Wealth Management LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $59,000. Finally, Goldman Sachs Group Inc. grew its holdings in Invesco Dorsey Wright Energy Momentum ETF by 6.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock valued at $1,470,000 after purchasing an additional 2,046 shares during the period.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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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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