Invesco Global Water ETF (NASDAQ:PIO) Sees Large Increase in Short Interest

Invesco Global Water ETF (NASDAQ:PIO) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,773 shares, an increase of 956.9% from the April 30th total of 357 shares. Based on an average daily trading volume, of 24,164 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Invesco Global Water ETF by 2.9% during the first quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after purchasing an additional 13,958 shares during the period. UBS Group AG lifted its stake in Invesco Global Water ETF by 4.2% during the third quarter. UBS Group AG now owns 111,290 shares of the company’s stock worth $4,996,000 after purchasing an additional 4,481 shares during the period. Citadel Advisors LLC lifted its stake in Invesco Global Water ETF by 198.0% during the third quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock worth $2,968,000 after purchasing an additional 43,929 shares during the period. Stifel Financial Corp lifted its stake in Invesco Global Water ETF by 0.7% during the fourth quarter. Stifel Financial Corp now owns 48,251 shares of the company’s stock worth $2,130,000 after purchasing an additional 351 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Invesco Global Water ETF by 7.6% during the first quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock worth $1,205,000 after purchasing an additional 1,954 shares during the period.

Invesco Global Water ETF Price Performance

Shares of NASDAQ PIO traded down $0.17 during mid-day trading on Wednesday, hitting $44.04. The company had a trading volume of 7,812 shares, compared to its average volume of 13,828. The firm has a market cap of $268.64 million, a P/E ratio of 24.59 and a beta of 1.03. Invesco Global Water ETF has a 12 month low of $42.09 and a 12 month high of $48.63. The business’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $45.35.

Invesco Global Water ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0449 per share. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.