Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Declines By 68.8%

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 869 shares, a decline of 68.8% from the July 15th total of 2,789 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,104 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Global Water ETF

Institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in Invesco Global Water ETF in the 2nd quarter valued at about $40,000. Bank of America Corp DE raised its position in shares of Invesco Global Water ETF by 2.9% during the 1st quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after buying an additional 13,958 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco Global Water ETF by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock worth $1,205,000 after buying an additional 1,954 shares in the last quarter. CI Investments Inc. lifted its stake in shares of Invesco Global Water ETF by 11.5% in the 1st quarter. CI Investments Inc. now owns 11,607 shares of the company’s stock worth $504,000 after acquiring an additional 1,200 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco Global Water ETF in the 1st quarter worth approximately $83,000.

Invesco Global Water ETF Stock Down 0.9%

PIO stock traded down $0.43 during trading on Friday, reaching $45.08. 19,908 shares of the company’s stock were exchanged, compared to its average volume of 11,352. Invesco Global Water ETF has a 1-year low of $42.09 and a 1-year high of $48.63. The company’s fifty day moving average price is $44.85 and its 200-day moving average price is $45.27. The firm has a market cap of $274.99 million, a PE ratio of 24.59 and a beta of 0.99.

Invesco Global Water ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.3062 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, June 22nd.

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.