Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 95,409 shares, a growth of 95.2% from the July 15th total of 48,878 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 91,966 shares, the days-to-cover ratio is presently 1.0 days.
Hedge Funds Weigh In On Invesco Water Resources ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of PHO. NewEdge Advisors LLC lifted its position in shares of Invesco Water Resources ETF by 5.3% during the first quarter. NewEdge Advisors LLC now owns 16,980 shares of the company’s stock worth $1,096,000 after purchasing an additional 853 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Invesco Water Resources ETF by 8.8% in the second quarter. Baird Financial Group Inc. now owns 13,692 shares of the company’s stock worth $957,000 after acquiring an additional 1,110 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Invesco Water Resources ETF by 4.0% during the second quarter. Brown Advisory Inc. now owns 10,776 shares of the company’s stock worth $753,000 after acquiring an additional 413 shares during the period. Cerity Partners LLC increased its position in shares of Invesco Water Resources ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 59,490 shares of the company’s stock worth $4,160,000 after acquiring an additional 1,274 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco Water Resources ETF in the second quarter valued at $595,000.
Invesco Water Resources ETF Stock Performance
Shares of NASDAQ:PHO traded down $0.24 during midday trading on Friday, reaching $71.97. 79,833 shares of the company’s stock traded hands, compared to its average volume of 98,183. The company has a market cap of $2.05 billion, a P/E ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $63.54 and a 1 year high of $74.93. The company has a fifty day simple moving average of $69.21 and a two-hundred day simple moving average of $69.12.
Invesco Water Resources ETF Dividend Announcement
About Invesco Water Resources ETF
PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.
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