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 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 stock are short sold. Based on an average daily volume of 8,747 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. acquired a new position in Invesco Global Water ETF in the first quarter valued at $31,000. Brown Brothers Harriman & Co. purchased a new position in shares of Invesco Global Water ETF in the 4th quarter worth about $33,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Invesco Global Water ETF in the 4th quarter worth about $33,000. Trust Co. of Vermont raised its holdings in shares of Invesco Global Water ETF by 475.3% in the 4th quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock worth $38,000 after purchasing an additional 713 shares during the period. Finally, Union Savings Bank purchased a new position in shares of Invesco Global Water ETF in the 4th quarter worth about $43,000.

Invesco Global Water ETF Trading Up 0.6%

Shares of NASDAQ PIO traded up $0.28 during trading on Thursday, reaching $43.37. The company had a trading volume of 9,320 shares, compared to its average volume of 13,446. Invesco Global Water ETF has a twelve month low of $42.09 and a twelve month high of $48.63. The stock has a market capitalization of $264.56 million, a PE ratio of 24.59 and a beta of 1.00. The stock has a 50-day moving average price of $44.87 and a two-hundred day moving average price of $45.28.

Invesco Global Water ETF Increases Dividend

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

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.