Invesco Global Water ETF (NASDAQ:PIO) Sees Significant Drop in Short Interest

Invesco Global Water ETF (NASDAQ:PIO) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 869 shares, a decrease of 68.8% from the July 15th total of 2,789 shares. Based on an average trading volume of 7,104 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Invesco Global Water ETF Trading Down 0.9%

Shares of NASDAQ:PIO traded down $0.42 during trading on Friday, hitting $45.09. 19,908 shares of the company’s stock traded hands, compared to its average volume of 11,352. The company has a 50-day moving average price of $44.82 and a 200-day moving average price of $45.27. 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 cap of $275.05 million, a price-to-earnings ratio of 24.59 and a beta of 0.99.

Invesco Global Water ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco Global Water ETF

Several large investors have recently made changes to their positions in the stock. Comerica Bank lifted its position in Invesco Global Water ETF by 29.9% in the 1st quarter. Comerica Bank now owns 1,955 shares of the company’s stock valued at $78,000 after acquiring an additional 450 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 valued at $544,000 after purchasing an additional 11,668 shares during the period. UBS Group AG lifted its holdings in shares of Invesco Global Water ETF by 4.2% in the third quarter. UBS Group AG now owns 111,290 shares of the company’s stock valued at $4,996,000 after purchasing an additional 4,481 shares in the last quarter. Regal Investment Advisors LLC boosted 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 worth $768,000 after buying an additional 9,360 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Invesco Global Water ETF by 4.6% during the third quarter. Ameriprise Financial Inc. now owns 9,663 shares of the company’s stock worth $434,000 after buying an additional 423 shares during the period.

About Invesco Global Water ETF

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.