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 ofnidon Nov 23, 2016 12:28pm

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Post# 25502851

Short Interest Probably Related to Options Being Exercised

What sometime happens is the broker short sells the stock on behlf of their clients (the option holder), sends the option agreement and the required cash to the trust agent and the trust agent sends the shares over to the broker thus covering the short position. It all happens fairly fast (4 or 5 days) so no need to worry about a borrow or a potential buy-in. There is a chance that it is a short bet on PHO but unlikely given the fundementals. Also, with the management/director shake-up the options being exercised makes sense.

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