Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Grows By 598.6%

Invesco Global Water ETF (NASDAQ:PIO) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,531 shares, a growth of 598.6% from the May 31st total of 1,078 shares. Based on an average daily volume of 7,857 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

Invesco Global Water ETF Trading Up 0.5%

Invesco Global Water ETF stock traded up $0.21 during trading on Friday, hitting $45.17. 5,485 shares of the company were exchanged, compared to its average volume of 12,763. The business’s 50 day moving average is $44.78 and its 200 day moving average is $45.26. Invesco Global Water ETF has a 52 week low of $42.09 and a 52 week high of $48.63. The company has a market capitalization of $275.54 million, a P/E ratio of 24.59 and a beta of 1.00.

Invesco Global Water ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.3062 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Global Water ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Regal Investment Advisors LLC lifted its position in shares of Invesco Global Water ETF by 120.7% during the third quarter. Regal Investment Advisors LLC now owns 17,115 shares of the company’s stock valued at $768,000 after purchasing an additional 9,360 shares in the last quarter. Jones Financial Companies Lllp grew its position in Invesco Global Water ETF by 614.1% in the 1st quarter. Jones Financial Companies Lllp now owns 13,568 shares of the company’s stock worth $544,000 after purchasing an additional 11,668 shares in the last quarter. CI Investments Inc. grew its position in Invesco Global Water ETF by 18.2% in the 4th quarter. CI Investments Inc. now owns 10,407 shares of the company’s stock worth $459,000 after purchasing an additional 1,600 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco Global Water ETF by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,663 shares of the company’s stock valued at $434,000 after buying an additional 423 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Invesco Global Water ETF in the 4th quarter valued at about $265,000.

Invesco Global Water ETF Company Profile

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.