Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

NDAQ:PHO - Post by User

Invesco Water Resources ETF

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Post by HighBuyon Aug 15, 2014 2:26am

253 Views

Post# 22845101

Momentum is everything

great q2
no indications to sale
same thing that happen with pyrogenisis after they were awardered a 12.5M contract.

To answer the reason why:
1) Short sellers
2) The so called 0.50$ mark, usually this happens at the 0.50,1.00, 1.50,2.00, you see a larger more than usual buyers and sellers cross for profit.
Jason

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