Invesco Global Water ETF (NASDAQ:PIO) Sees Large Decrease in Short Interest

Invesco Global Water ETF (NASDAQ:PIO) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 100 shares, a decline of 90.0% from the May 31st total of 1,000 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 0.0 days.

Invesco Global Water ETF Stock Performance

PIO traded up $0.23 during trading on Friday, hitting $40.41. The stock had a trading volume of 6,583 shares, compared to its average volume of 8,764. Invesco Global Water ETF has a twelve month low of $31.30 and a twelve month high of $43.54. The firm has a market capitalization of $278.79 million, a P/E ratio of 28.91 and a beta of 0.96. The company’s 50-day moving average price is $41.65 and its 200 day moving average price is $40.64.

Invesco Global Water ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.2198 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Invesco Global Water ETF’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Holderness Investments Co. acquired a new position in Invesco Global Water ETF in the fourth quarter valued at $755,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Global Water ETF during the 4th quarter worth about $618,000. Vima LLC acquired a new stake in shares of Invesco Global Water ETF in the fourth quarter worth approximately $255,000. Virtu Financial LLC grew its holdings in Invesco Global Water ETF by 98.8% in the fourth quarter. Virtu Financial LLC now owns 12,356 shares of the company’s stock valued at $488,000 after purchasing an additional 6,142 shares during the period. Finally, Community Financial Services Group LLC acquired a new position in Invesco Global Water ETF during the first quarter worth approximately $210,000.

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.