Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Decreases By 50.4%

Invesco Global Water ETF (NASDAQ:PIO) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 670 shares, a drop of 50.4% from the August 15th total of 1,350 shares. Based on an average trading volume of 5,865 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Invesco Global Water ETF Price Performance

NASDAQ PIO remained flat at $42.96 during trading on Wednesday. 5,804 shares of the company’s stock traded hands, compared to its average volume of 10,870. The stock has a market capitalization of $258.19 million, a PE ratio of 24.59 and a beta of 0.99. Invesco Global Water ETF has a 1-year low of $42.09 and a 1-year high of $48.63. The business’s 50-day simple moving average is $44.68 and its 200 day simple moving average is $44.71.

Invesco Global Water ETF Dividend Announcement

The firm also recently declared 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 2.9%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. bought a new position in Invesco Global Water ETF in the first quarter valued at $31,000. Trust Co. of Vermont bought a new stake in Invesco Global Water ETF during the second quarter worth about $40,000. Union Savings Bank bought a new stake in Invesco Global Water ETF during the fourth quarter worth about $43,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Global Water ETF in the 2nd quarter worth about $45,000. Finally, CI Investments Inc. boosted its holdings 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 purchasing an additional 1,200 shares in the last quarter.

Invesco Global Water ETF Company Profile

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.