Invesco Global Water ETF (NASDAQ:PIO) saw a large increase in short interest in May. As of May 28th, there was short interest totalling 20,000 shares, an increase of 614.3% from the May 13th total of 2,800 shares. Based on an average daily trading volume, of 19,900 shares, the days-to-cover ratio is currently 1.0 days.
Several institutional investors have recently modified their holdings of the company. AllSquare Wealth Management LLC lifted its position in shares of Invesco Global Water ETF by 57.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 785 shares of the company’s stock worth $27,000 after buying an additional 285 shares in the last quarter. West Financial Advisors LLC bought a new stake in Invesco Global Water ETF in the fourth quarter worth $44,000. Arkadios Wealth Advisors bought a new stake in shares of Invesco Global Water ETF in the 4th quarter valued at approximately $52,000. DB Wealth Management Group LLC purchased a new position in shares of Invesco Global Water ETF in the 4th quarter worth approximately $73,000. Finally, Eaton Vance Management bought a new position in shares of Invesco Global Water ETF during the 1st quarter valued at approximately $103,000.
Invesco Global Water ETF stock traded up $0.11 during mid-day trading on Friday, hitting $39.66. The stock had a trading volume of 11,451 shares, compared to its average volume of 22,395. Invesco Global Water ETF has a one year low of $28.03 and a one year high of $39.91. The company has a 50 day moving average of $38.65.
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.
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