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

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 100 shares, a decrease of 90.0% from the May 31st total of 1,000 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Global Water ETF Price Performance

Invesco Global Water ETF stock traded up $0.24 during trading hours on Friday, hitting $40.41. The company had a trading volume of 6,583 shares, compared to its average volume of 8,764. The firm has a market cap of $278.79 million, a PE ratio of 28.91 and a beta of 0.96. Invesco Global Water ETF has a one year low of $31.30 and a one year high of $43.54. The firm has a 50-day moving average of $41.65 and a 200 day moving average of $40.64.

Invesco Global Water ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.2198 dividend. This is a boost from Invesco Global Water ETF’s previous quarterly dividend of $0.01. This represents a $0.88 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC grew its position in shares of Invesco Global Water ETF by 20.8% during the 4th quarter. Private Advisor Group LLC now owns 26,919 shares of the company’s stock worth $1,064,000 after purchasing an additional 4,639 shares in the last quarter. Holderness Investments Co. acquired a new stake in shares of Invesco Global Water ETF during the 4th quarter worth approximately $755,000. Citigroup Inc. boosted its position in Invesco Global Water ETF by 25.5% in the third quarter. Citigroup Inc. now owns 18,279 shares of the company’s stock valued at $617,000 after buying an additional 3,714 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Invesco Global Water ETF by 22.0% in the first quarter. YHB Investment Advisors Inc. now owns 16,659 shares of the company’s stock valued at $718,000 after buying an additional 3,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Invesco Global Water ETF in the fourth quarter valued at approximately $618,000.

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.