Invesco Global Water ETF (NASDAQ:PIO) Short Interest Down 68.8% in July

Invesco Global Water ETF (NASDAQ:PIO – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 869 shares, a decline of 68.8% from the July 15th total of 2,789 shares. Based on an average daily volume of 7,104 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Invesco Global Water ETF Stock Performance

Invesco Global Water ETF stock opened at $45.08 on Friday. The business’s fifty day moving average is $44.85 and its two-hundred day moving average is $45.27. The firm has a market cap of $274.99 million, a P/E ratio of 24.59 and a beta of 0.99. Invesco Global Water ETF has a 52 week low of $42.09 and a 52 week high of $48.63.

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Invesco Global Water ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3062 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its position in Invesco Global Water ETF by 198.0% in the 3rd quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock valued at $2,968,000 after acquiring an additional 43,929 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco Global Water ETF by 2.9% during the first 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 in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Invesco Global Water ETF by 614.1% during the first quarter. Jones Financial Companies Lllp now owns 13,568 shares of the company’s stock worth $544,000 after purchasing an additional 11,668 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of Invesco Global Water ETF by 120.7% during the third quarter. Regal Investment Advisors LLC now owns 17,115 shares of the company’s stock worth $768,000 after purchasing an additional 9,360 shares in the last quarter. Finally, Equitable Holdings Inc. bought a new stake in shares of Invesco Global Water ETF during the fourth quarter valued at approximately $270,000.

About Invesco Global Water ETF

(Get Free Report)

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.

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