Invesco Global Water ETF (NASDAQ:PIO) Short Interest Update

Invesco Global Water ETF (NASDAQ:PIO) saw a large 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. Based on an average daily volume of 24,164 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Invesco Global Water ETF Trading Up 0.1%

Shares of Invesco Global Water ETF stock traded up $0.03 during trading hours on Friday, reaching $44.15. 27,159 shares of the company’s stock were exchanged, compared to its average volume of 13,855. Invesco Global Water ETF has a 52-week low of $42.09 and a 52-week high of $48.63. The firm has a market capitalization of $269.32 million, a price-to-earnings ratio of 24.59 and a beta of 1.03. The company has a fifty day moving average of $44.70 and a 200-day moving average of $45.33.

Invesco Global Water ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake 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 purchasing an additional 13,958 shares during the period. Cetera Investment Advisers lifted its stake 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 purchasing an additional 1,954 shares during the period. CI Investments Inc. lifted its stake in shares of Invesco Global Water ETF by 11.5% during the 1st quarter. CI Investments Inc. now owns 11,607 shares of the company’s stock worth $504,000 after purchasing an additional 1,200 shares during the period. Fifth Third Bancorp purchased a new position in shares of Invesco Global Water ETF during the 1st quarter worth $83,000. Finally, Whittier Trust Co. acquired a new stake in shares of Invesco Global Water ETF during the 1st quarter worth $31,000.

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.