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

Invesco Global Water ETF (NASDAQ:PIO) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,500 shares, a growth of 87.5% from the February 28th total of 800 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Global Water ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Invesco Global Water ETF by 411.3% during the third quarter. JPMorgan Chase & Co. now owns 772 shares of the company’s stock worth $33,000 after buying an additional 621 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco Global Water ETF during the 4th quarter worth about $42,000. Global Retirement Partners LLC boosted its stake in shares of Invesco Global Water ETF by 1,045.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,111 shares of the company’s stock worth $43,000 after acquiring an additional 1,014 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco Global Water ETF by 253.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,900 shares of the company’s stock valued at $74,000 after acquiring an additional 1,363 shares during the period. Finally, FMR LLC increased its stake in shares of Invesco Global Water ETF by 22.2% in the 3rd quarter. FMR LLC now owns 2,577 shares of the company’s stock valued at $111,000 after purchasing an additional 469 shares in the last quarter.

Invesco Global Water ETF Stock Down 1.6 %

Shares of PIO stock traded down $0.66 on Friday, hitting $40.18. The company had a trading volume of 10,553 shares, compared to its average volume of 9,781. Invesco Global Water ETF has a twelve month low of $38.35 and a twelve month high of $43.54. The firm has a market cap of $259.16 million, a P/E ratio of 24.85 and a beta of 0.96. The company has a 50-day moving average price of $40.79 and a 200-day moving average price of $40.93.

Invesco Global Water ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.0541 dividend. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco Global Water ETF’s previous dividend of $0.05.

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.