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

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,839 shares, a decrease of 75.6% from the June 30th total of 73,200 shares. Based on an average daily trading volume, of 36,300 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Invesco S&P Global Water Index ETF Stock Performance

Shares of Invesco S&P Global Water Index ETF stock traded up $0.06 on Friday, hitting $64.67. 25,932 shares of the company’s stock were exchanged, compared to its average volume of 37,071. The stock has a market capitalization of $1.05 billion, a PE ratio of 21.45 and a beta of 0.91. Invesco S&P Global Water Index ETF has a 1 year low of $61.34 and a 1 year high of $68.92. The company has a 50-day simple moving average of $63.85 and a 200-day simple moving average of $64.87.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CGW. REAP Financial Group LLC bought a new position in shares of Invesco S&P Global Water Index ETF during the 4th quarter valued at approximately $32,000. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P Global Water Index ETF during the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC lifted its holdings in Invesco S&P Global Water Index ETF by 567.6% during the fourth quarter. NewEdge Advisors LLC now owns 681 shares of the company’s stock valued at $43,000 after purchasing an additional 579 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Invesco S&P Global Water Index ETF by 31.2% in the first 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 period. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco S&P Global Water Index ETF in the third quarter worth approximately $68,000.

Invesco S&P Global Water Index ETF Company Profile

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.