Invesco Global Water ETF (NASDAQ:PIO) Short Interest Update

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,078 shares, a drop of 71.4% from the May 14th total of 3,773 shares. Based on an average daily trading volume, of 8,747 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Invesco Global Water ETF

A number of hedge funds have recently added to or reduced their stakes in PIO. Citadel Advisors LLC boosted its stake in Invesco Global Water ETF by 198.0% in the 3rd quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock worth $2,968,000 after buying an additional 43,929 shares during the last quarter. Bank of America Corp DE boosted its stake in Invesco Global Water ETF by 2.9% in the 1st quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after buying an additional 13,958 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 buying an additional 11,668 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in Invesco Global Water ETF by 120.7% in the 3rd 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 last quarter. Finally, Equitable Holdings Inc. acquired a new stake in Invesco Global Water ETF in the 4th quarter worth about $270,000.

Invesco Global Water ETF Price Performance

NASDAQ:PIO traded up $0.26 during mid-day trading on Friday, reaching $43.79. The company’s stock had a trading volume of 2,389 shares, compared to its average volume of 13,361. The company’s fifty day simple moving average is $44.87 and its two-hundred day simple moving average is $45.27. Invesco Global Water ETF has a twelve month low of $42.09 and a twelve month high of $48.63. The stock has a market cap of $267.12 million, a P/E ratio of 24.59 and a beta of 1.00.

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 $0.0449 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04.

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.