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

by · The Markets Daily

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI – Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 608 shares, a decrease of 67.9% from the December 31st total of 1,892 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,899 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 3,899 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Energy Momentum ETF stock traded up $0.55 during trading hours on Thursday, reaching $50.53. The company’s stock had a trading volume of 2,176 shares, compared to its average volume of 3,115. Invesco Dorsey Wright Energy Momentum ETF has a one year low of $34.54 and a one year high of $50.98. The firm has a 50 day moving average price of $46.86 and a 200-day moving average price of $45.66. The stock has a market cap of $42.45 million, a P/E ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.2296 dividend. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $68,000. Osaic Holdings Inc. raised its holdings 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 worth $102,000 after buying an additional 512 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth $126,000. Finally, Trueblood Wealth Management LLC lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 13.2% during the 2nd quarter. Trueblood Wealth Management LLC now owns 9,763 shares of the company’s stock valued at $421,000 after buying an additional 1,140 shares in the last quarter.

About Invesco Dorsey Wright Energy Momentum ETF

(Get Free Report)

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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