Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 115,757 shares, a growth of 92.7% from the September 15th total of 60,063 shares. Based on an average daily volume of 72,554 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the shares of the stock are sold short.
Invesco Water Resources ETF Stock Performance
Shares of NASDAQ PHO traded up $0.12 during mid-day trading on Wednesday, reaching $69.19. The company’s stock had a trading volume of 55,831 shares, compared to its average volume of 91,855. The stock has a 50-day moving average of $70.10 and a two-hundred day moving average of $68.67. The stock has a market capitalization of $1.93 billion, a P/E ratio of 25.38 and a beta of 0.95. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $74.93.
Institutional Trading of Invesco Water Resources ETF
Several large investors have recently bought and sold shares of the business. Avior Wealth Management LLC acquired a new position in shares of Invesco Water Resources ETF during the 3rd quarter worth approximately $3,854,000. Farther Finance Advisors LLC grew its position in shares of Invesco Water Resources ETF by 181.6% in the third quarter. Farther Finance Advisors LLC now owns 8,025 shares of the company’s stock valued at $544,000 after purchasing an additional 5,175 shares in the last quarter. Bangor Savings Bank purchased a new stake in shares of Invesco Water Resources ETF in the third quarter valued at approximately $144,000. Eastern Bank acquired a new stake in shares of Invesco Water Resources ETF in the third quarter valued at approximately $27,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco Water Resources ETF by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 41,846 shares of the company’s stock valued at $2,891,000 after purchasing an additional 5,534 shares during the last quarter.
Invesco Water Resources ETF Company Profile
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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