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

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 428 shares, a decline of 36.1% from the August 31st total of 670 shares. Based on an average daily trading volume, of 9,119 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Invesco Global Water ETF Price Performance

Shares of PIO opened at $43.32 on Thursday. The business has a 50-day moving average of $44.40 and a 200-day moving average of $44.53. The company has a market capitalization of $262.09 million, a price-to-earnings ratio of 24.59 and a beta of 0.99. Invesco Global Water ETF has a 1 year low of $42.09 and a 1 year high of $48.63.

Institutional Trading of Invesco Global Water ETF

A number of institutional investors have recently bought and sold shares of PIO. Advocacy Wealth Management LLC bought a new stake in shares of Invesco Global Water ETF during the 2nd quarter valued at about $1,930,000. Citadel Advisors LLC raised its position in Invesco Global Water ETF by 374.7% in the second quarter. Citadel Advisors LLC now owns 29,825 shares of the company’s stock worth $1,341,000 after acquiring an additional 23,542 shares during the period. Bank of America Corp DE grew its position in shares of Invesco Global Water ETF by 2.9% during the 1st quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock valued at $21,681,000 after acquiring an additional 13,958 shares during the period. Headlands Technologies LLC bought a new position in Invesco Global Water ETF in the 2nd quarter worth $374,000. Finally, Cetera Investment Advisers grew its holdings 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 valued at $1,205,000 after purchasing an additional 1,954 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.