Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Drops By 47.1%

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 357 shares, a decrease of 47.1% from the April 15th total of 675 shares. Based on an average daily trading volume, of 8,074 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Invesco Global Water ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 479,589 shares of the company’s stock worth $21,531,000 after purchasing an additional 5,298 shares during the period. UBS Group AG increased its holdings in Invesco Global Water ETF by 4.2% during the 3rd 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 increased its holdings in Invesco Global Water ETF by 198.0% during the 3rd 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 increased its holdings in Invesco Global Water ETF by 0.7% during the 4th 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 increased its holdings in 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.

Invesco Global Water ETF Trading Up 0.5%

Shares of NASDAQ PIO traded up $0.20 during midday trading on Monday, hitting $43.77. The company’s stock had a trading volume of 13,700 shares, compared to its average volume of 14,336. The business’s 50 day moving average is $44.82 and its two-hundred day moving average is $45.42. Invesco Global Water ETF has a 12-month low of $42.09 and a 12-month high of $48.63. The firm has a market cap of $267.00 million, a P/E ratio of 24.59 and a beta of 1.03.

Invesco Global Water ETF Increases Dividend

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

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.