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

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

PXI opened at $33.29 on Thursday. The business’s 50-day moving average price is $27.31 and its two-hundred day moving average price is $27.12. Invesco DWA Energy Momentum ETF has a 1 year low of $11.72 and a 1 year high of $34.66.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXI. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco DWA Energy Momentum ETF in the first quarter valued at about $486,000. CIBC World Markets Inc. acquired a new stake in shares of Invesco DWA Energy Momentum ETF in the first quarter valued at about $242,000. UBS Group AG increased its position in shares of Invesco DWA Energy Momentum ETF by 2,508.6% in the first quarter. UBS Group AG now owns 204,046 shares of the company’s stock valued at $5,054,000 after acquiring an additional 196,224 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Invesco DWA Energy Momentum ETF in the first quarter valued at about $157,000. Finally, Stifel Financial Corp acquired a new stake in shares of Invesco DWA Energy Momentum ETF in the first quarter valued at about $2,060,000.

About Invesco DWA 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.

Further Reading: What is the definition of market timing?

Receive News & Ratings for Invesco DWA Energy Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DWA Energy Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.