Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Decline in Short Interest

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 17,839 shares, a decrease of 75.6% from the June 30th total of 73,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P Global Water Index ETF Price Performance

Shares of Invesco S&P Global Water Index ETF stock traded up $0.06 during trading on Friday, hitting $64.67. 25,932 shares of the company’s stock traded hands, compared to its average volume of 37,071. Invesco S&P Global Water Index ETF has a 1 year low of $61.34 and a 1 year high of $68.92. The business has a 50-day simple moving average of $63.85 and a 200-day simple moving average of $64.87. The stock has a market capitalization of $1.05 billion, a P/E ratio of 21.45 and a beta of 0.91.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco S&P Global Water Index ETF in the fourth quarter worth $32,000. REAP Financial Group LLC purchased a new position in Invesco S&P Global Water Index ETF in the fourth quarter worth about $32,000. NewEdge Advisors LLC grew its stake in shares of Invesco S&P Global Water Index ETF by 567.6% during the 4th quarter. NewEdge Advisors LLC now owns 681 shares of the company’s stock valued at $43,000 after purchasing an additional 579 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Invesco S&P Global Water Index ETF by 31.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 741 shares of the company’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco S&P Global Water Index ETF during the 3rd quarter valued at about $68,000.

About Invesco S&P Global Water Index ETF

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.