Invesco Global Water ETF (NASDAQ:PIO) Sees Significant Growth in Short Interest

Invesco Global Water ETF (NASDAQ:PIO) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, an increase of 66.7% from the May 15th total of 300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,600 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Invesco Global Water ETF

Large investors have recently bought and sold shares of the stock. Ifrah Financial Services Inc. increased its position in shares of Invesco Global Water ETF by 2.4% during the fourth quarter. Ifrah Financial Services Inc. now owns 12,385 shares of the company’s stock valued at $484,000 after purchasing an additional 288 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Invesco Global Water ETF by 6.0% during the 4th quarter. HighTower Advisors LLC now owns 5,577 shares of the company’s stock worth $218,000 after acquiring an additional 316 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Global Water ETF by 27.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,809 shares of the company’s stock valued at $73,000 after acquiring an additional 385 shares in the last quarter. Comerica Bank boosted its position in shares of Invesco Global Water ETF by 29.9% during the 1st quarter. Comerica Bank now owns 1,955 shares of the company’s stock valued at $78,000 after acquiring an additional 450 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Invesco Global Water ETF by 11.1% in the fourth quarter. Corient Private Wealth LLC now owns 5,245 shares of the company’s stock worth $205,000 after purchasing an additional 525 shares in the last quarter.

Invesco Global Water ETF Price Performance

NASDAQ:PIO traded down $0.00 during midday trading on Tuesday, reaching $43.65. The stock had a trading volume of 387 shares, compared to its average volume of 10,297. The stock has a market capitalization of $266.24 million, a P/E ratio of 23.34 and a beta of 0.96. Invesco Global Water ETF has a 1-year low of $35.57 and a 1-year high of $44.21. The firm’s fifty day simple moving average is $41.89 and its 200-day simple moving average is $40.82.

Invesco Global Water ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0541 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco Global Water ETF’s previous dividend of $0.05.

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.