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 recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 46,326 shares, an increase of 279.0% from the April 30th total of 12,222 shares. Based on an average daily volume of 31,367 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CGW. Bank of America Corp DE grew its position in Invesco S&P Global Water Index ETF by 33.4% in the 2nd quarter. Bank of America Corp DE now owns 423,184 shares of the company’s stock worth $26,449,000 after purchasing an additional 106,023 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Invesco S&P Global Water Index ETF by 761.8% during the 3rd quarter. Citadel Advisors LLC now owns 73,001 shares of the company’s stock worth $4,690,000 after buying an additional 64,530 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco S&P Global Water Index ETF during the 1st quarter worth about $2,677,000. Morgan Stanley raised its position in shares of Invesco S&P Global Water Index ETF by 4.5% during the 4th quarter. Morgan Stanley now owns 909,559 shares of the company’s stock worth $57,312,000 after buying an additional 38,819 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Invesco S&P Global Water Index ETF by 32.3% during the 2nd quarter. Raymond James Financial Inc. now owns 125,003 shares of the company’s stock worth $7,813,000 after buying an additional 30,513 shares in the last quarter.

Invesco S&P Global Water Index ETF Stock Up 0.2%

NYSEARCA CGW traded up $0.13 on Friday, hitting $62.70. The 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 one year low of $60.45 and a one year high of $68.92. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 21.45 and a beta of 0.95. The company’s 50-day moving average is $64.17 and its two-hundred day moving average is $64.73.

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.