Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Expands By 909.5%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 9,318 shares, an increase of 909.5% from the March 31st total of 923 shares. Based on an average daily trading volume, of 20,022 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PXI. Cherry Tree Wealth Management LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at about $59,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $68,000. Osaic Holdings Inc. grew its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at approximately $355,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Invesco Dorsey Wright Energy Momentum ETF stock traded up $0.12 during mid-day trading on Friday, reaching $58.06. The company had a trading volume of 3,057 shares, compared to its average volume of 16,134. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $38.36 and a 1 year high of $62.36. The company has a market capitalization of $78.38 million, a P/E ratio of 17.22 and a beta of 0.67. The stock’s 50-day simple moving average is $56.50 and its 200-day simple moving average is $50.58.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.1041 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.7%.

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.