Invesco Water Resources ETF (NASDAQ:PHO) Short Interest Down 36.3% in February

Posted by Cynthia Vaughn on Mar 4th, 2025

Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 39,800 shares, a drop of 36.3% from the January 31st total of 62,500 shares. Based on an average daily trading volume, of 70,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PHO. Redwood Park Advisors LLC bought a new stake in Invesco Water Resources ETF during the 4th quarter worth about $25,000. Crowley Wealth Management Inc. bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $33,000. Sunbelt Securities Inc. bought a new stake in Invesco Water Resources ETF in the 3rd quarter valued at $36,000. Finally, Kestra Investment Management LLC bought a new stake in Invesco Water Resources ETF in the 4th quarter valued at $37,000.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO traded down $0.77 on Tuesday, reaching $65.78. The company’s stock had a trading volume of 15,448 shares, compared to its average volume of 75,860. Invesco Water Resources ETF has a 1-year low of $62.82 and a 1-year high of $72.59. The business’s 50-day moving average price is $67.00 and its two-hundred day moving average price is $68.70. The firm has a market cap of $2.12 billion, a PE ratio of 26.66 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco Water Resources ETF Company Profile

(Get Free Report)

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.