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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 50.0% from the February 29th total of 200 shares. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 0.0 days.

Invesco Dorsey Wright Energy Momentum ETF Trading Up 1.1 %

Shares of NASDAQ PXI traded up $0.51 during trading on Thursday, reaching $48.94. 1,610 shares of the company traded hands, compared to its average volume of 18,467. Invesco Dorsey Wright Energy Momentum ETF has a 12-month low of $35.46 and a 12-month high of $48.98. The stock has a market cap of $112.57 million, a P/E ratio of 8.87 and a beta of 1.68. The firm’s fifty day simple moving average is $45.36 and its 200 day simple moving average is $44.56.

Invesco Dorsey Wright Energy Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.077 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.31 annualized dividend and a yield of 0.63%.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Institutional investors have recently made changes to their positions in the company. Advantage Trust Co purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter worth approximately $43,000. Captrust Financial Advisors acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 1st quarter valued at $53,000. Goldman Sachs Group Inc. acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at $219,000. Finally, Private Advisor Group LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 1st quarter worth $219,000.

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.