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

Invesco Global Water ETF (NASDAQ:PIO) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,350 shares, a growth of 55.4% from the July 30th total of 869 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,393 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco Global Water ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its position in shares of Invesco Global Water ETF by 374.7% during the 2nd quarter. Citadel Advisors LLC now owns 29,825 shares of the company’s stock worth $1,341,000 after buying an additional 23,542 shares in the last quarter. Advocacy Wealth Management LLC bought a new position in shares of Invesco Global Water ETF in the second quarter valued at approximately $1,930,000. Headlands Technologies LLC purchased a new stake in shares of Invesco Global Water ETF during the second quarter valued at approximately $374,000. Trust Co. of Vermont purchased a new stake in shares of Invesco Global Water ETF during the second quarter valued at approximately $40,000. Finally, Bank of America Corp DE lifted its holdings 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 acquiring an additional 13,958 shares during the period.

Invesco Global Water ETF Price Performance

PIO opened at $44.11 on Thursday. The company has a market capitalization of $269.07 million, a price-to-earnings ratio of 24.59 and a beta of 0.99. The firm’s fifty day moving average price is $44.99 and its two-hundred day moving average price is $45.03. Invesco Global Water ETF has a 1 year low of $42.09 and a 1 year high of $48.63.

Invesco Global Water ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.3062 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.22 annualized dividend and a yield of 2.8%.

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.