Invesco DWA Energy Momentum ETF (NASDAQ:PXI) Sees Large Increase in Short Interest

Invesco DWA Energy Momentum ETF (NASDAQ:PXI) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 5,200 shares, an increase of 477.8% from the September 15th total of 900 shares. Based on an average daily volume of 120,600 shares, the short-interest ratio is currently 0.0 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Invesco DWA Energy Momentum ETF by 53.9% during the second quarter. Morgan Stanley now owns 803,038 shares of the company’s stock worth $24,573,000 after buying an additional 281,097 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco DWA Energy Momentum ETF by 28.3% during the second quarter. Wells Fargo & Company MN now owns 373,434 shares of the company’s stock worth $11,427,000 after buying an additional 82,275 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Invesco DWA Energy Momentum ETF during the second quarter worth $1,540,000. Royal Bank of Canada increased its holdings in shares of Invesco DWA Energy Momentum ETF by 160.3% during the second quarter. Royal Bank of Canada now owns 7,683 shares of the company’s stock worth $235,000 after buying an additional 4,731 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Invesco DWA Energy Momentum ETF by 15.7% during the second quarter. LPL Financial LLC now owns 226,297 shares of the company’s stock worth $6,925,000 after buying an additional 30,704 shares in the last quarter.

Shares of PXI opened at $33.29 on Thursday. Invesco DWA Energy Momentum ETF has a one year low of $11.72 and a one year high of $34.66. The firm has a 50 day simple moving average of $27.31 and a two-hundred day simple moving average of $27.12.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Tuesday, September 21st were given a dividend of $0.063 per share. This is an increase from Invesco DWA Energy Momentum ETF’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, September 20th.

Invesco DWA 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.

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