Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Growth in Short Interest

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 46,326 shares, a growth of 279.0% from the April 30th total of 12,222 shares. Based on an average daily trading volume, of 31,367 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are sold short.

Invesco S&P Global Water Index ETF Stock Performance

Shares of NYSEARCA CGW traded up $0.13 during midday trading on Friday, hitting $62.70. The company’s stock had a trading volume of 16,204 shares, compared to its average volume of 39,456. Invesco S&P Global Water Index ETF has a 1-year low of $60.45 and a 1-year high of $68.92. The firm’s fifty day moving average price is $64.17 and its 200-day moving average price is $64.73. The firm has a market cap of $1.00 billion, a P/E ratio of 21.45 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco S&P Global Water Index ETF in the 4th quarter worth about $32,000. REAP Financial Group LLC acquired a new position in Invesco S&P Global Water Index ETF during the 4th quarter valued at about $32,000. NewEdge Advisors LLC grew its position in Invesco S&P Global Water Index ETF by 567.6% in the 4th quarter. NewEdge Advisors LLC now owns 681 shares of the company’s stock worth $43,000 after purchasing an additional 579 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Invesco S&P Global Water Index ETF by 31.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 741 shares of the company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Finally, Perritt Capital Management Inc bought a new position in Invesco S&P Global Water Index ETF in the 3rd quarter worth about $68,000.

About Invesco S&P Global Water Index ETF

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.