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

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,773 shares, an increase of 956.9% from the April 30th total of 357 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 24,164 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Invesco Global Water ETF

Several hedge funds have recently modified their holdings of PIO. Comerica Bank increased its holdings in shares of Invesco Global Water ETF by 29.9% during the first quarter. Comerica Bank now owns 1,955 shares of the company’s stock worth $78,000 after buying an additional 450 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco Global Water ETF by 614.1% during the first quarter. Jones Financial Companies Lllp now owns 13,568 shares of the company’s stock worth $544,000 after buying an additional 11,668 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco Global Water ETF during the third quarter worth approximately $235,000. Journey Strategic Wealth LLC increased its holdings in shares of Invesco Global Water ETF by 6.5% during the third quarter. Journey Strategic Wealth LLC now owns 7,180 shares of the company’s stock worth $322,000 after buying an additional 440 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Invesco Global Water ETF by 4.2% during the third quarter. UBS Group AG now owns 111,290 shares of the company’s stock worth $4,996,000 after buying an additional 4,481 shares in the last quarter.

Invesco Global Water ETF Stock Down 0.4%

PIO traded down $0.17 during midday trading on Wednesday, reaching $44.04. 7,812 shares of the company’s stock were exchanged, compared to its average volume of 13,828. The firm has a market capitalization of $268.64 million, a price-to-earnings ratio of 24.59 and a beta of 1.03. Invesco Global Water ETF has a one year low of $42.09 and a one year high of $48.63. The business has a 50-day simple moving average of $44.69 and a two-hundred day simple moving average of $45.35.

Invesco Global Water ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.0449 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 0.4%.

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. 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.