Invesco Global Water ETF (NASDAQ:PIO) Short Interest Down 71.4% in May

Invesco Global Water ETF (NASDAQ:PIO) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,078 shares, a decline of 71.4% from the May 14th total of 3,773 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,747 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Global Water ETF Stock Up 0.6%

Shares of Invesco Global Water ETF stock traded up $0.26 during trading on Friday, reaching $43.79. The company’s stock had a trading volume of 2,389 shares, compared to its average volume of 13,361. The business’s 50-day moving average price is $44.87 and its 200-day moving average price is $45.28. The firm has a market cap of $267.12 million, a PE ratio of 24.59 and a beta of 1.00. Invesco Global Water ETF has a 52 week low of $42.09 and a 52 week high of $48.63.

Invesco Global Water ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.0449 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco Global Water ETF’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Investors Weigh In On Invesco Global Water ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position 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 purchasing an additional 13,958 shares during the period. UBS Group AG lifted its position in 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 purchasing an additional 4,481 shares during the period. Citadel Advisors LLC lifted its position in Invesco Global Water ETF by 198.0% during the third quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock worth $2,968,000 after purchasing an additional 43,929 shares during the period. Stifel Financial Corp lifted its position in Invesco Global Water ETF by 0.7% during the fourth quarter. Stifel Financial Corp now owns 48,251 shares of the company’s stock worth $2,130,000 after purchasing an additional 351 shares during the period. Finally, Cetera Investment Advisers lifted its position in Invesco Global Water ETF by 7.6% during the first quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock worth $1,205,000 after purchasing an additional 1,954 shares during the period.

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.