Mon Sep 30 03:18:56 UTC 2024: ## Short Interest in Invesco Water Resources ETF (PHO) Jumps 18.4% in September

**New York, NY – September 29, 2024** – The short interest in Invesco Water Resources ETF (PHO) experienced a significant surge during September, climbing 18.4% to 39,300 shares as of September 15th. This increase follows a previous total of 33,200 shares on August 31st.

The short-interest ratio currently stands at 0.6 days, based on an average daily volume of 68,400 shares.

Despite the rise in short interest, PHO shares climbed $0.31 during Friday’s midday trading, reaching $70.51. The stock exchanged 88,434 shares, slightly exceeding its average volume of 71,610.

PHO boasts a market capitalization of $2.28 billion, a PE ratio of 37.18, and a beta of 0.96. The stock has seen a 1-year low of $49.65 and a 1-year high of $71.09. Its 50-day simple moving average sits at $68.45, while the 200-day simple moving average stands at $66.73.

The company also announced a quarterly dividend of $0.05 per share, payable on September 27th to shareholders of record on September 23rd. This translates to an annualized dividend of $0.20 and a dividend yield of 0.28%.

Invesco Water Resources ETF aims to provide investment results that mirror the price yield of the NASDAQ OMX US Water Index. The ETF primarily invests in common stocks listed on US exchanges that develop products focused on water conservation and purification for residential, commercial, and industrial use.

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