Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI – Get 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
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.
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