Short Interest in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Expands By 50.0%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 300 shares, an increase of 50.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Dorsey Wright Energy Momentum ETF Trading Down 1.2 %

NASDAQ PXI traded down $0.57 during trading hours on Monday, reaching $47.75. The company’s stock had a trading volume of 1,876 shares, compared to its average volume of 11,733. The stock has a market cap of $74.49 million, a PE ratio of 7.40 and a beta of 1.68. The business has a 50-day simple moving average of $47.44 and a 200 day simple moving average of $46.96. Invesco Dorsey Wright Energy Momentum ETF has a 52 week low of $41.03 and a 52 week high of $51.20.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.1934 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.08. This represents a $0.77 annualized dividend and a yield of 1.62%.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Large investors have recently made changes to their positions in the company. Advantage Trust Co bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth $27,000. Private Advisor Group LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $254,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 12.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,361 shares of the company’s stock valued at $1,268,000 after acquiring an additional 3,123 shares during the last quarter. Genesee Capital Advisors LLC boosted its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 6.6% during the 4th quarter. Genesee Capital Advisors LLC now owns 28,521 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 110.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 34,045 shares of the company’s stock worth $1,522,000 after purchasing an additional 17,896 shares during the last quarter.

About Invesco Dorsey Wright Energy Momentum ETF

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.