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

Invesco Global Water ETF (NASDAQ:PIO) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, an increase of 87.5% from the February 28th total of 800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco Global Water ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ifrah Financial Services Inc. lifted its position in shares of Invesco Global Water ETF by 2.4% during the 4th quarter. Ifrah Financial Services Inc. now owns 12,385 shares of the company’s stock worth $484,000 after buying an additional 288 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco Global Water ETF by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 5,577 shares of the company’s stock valued at $218,000 after purchasing an additional 316 shares in the last quarter. FMR LLC grew its holdings in shares of Invesco Global Water ETF by 22.2% during the 3rd quarter. FMR LLC now owns 2,577 shares of the company’s stock valued at $111,000 after purchasing an additional 469 shares during the last quarter. Corient Private Wealth LLC increased its position in Invesco Global Water ETF by 11.1% during the 4th 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. Finally, LPL Financial LLC increased its position in Invesco Global Water ETF by 0.7% during the 4th quarter. LPL Financial LLC now owns 84,194 shares of the company’s stock worth $3,289,000 after purchasing an additional 606 shares in the last quarter.

Invesco Global Water ETF Stock Performance

Shares of NASDAQ PIO traded down $0.66 during mid-day trading on Friday, reaching $40.18. The company had a trading volume of 10,553 shares, compared to its average volume of 9,781. The firm has a market cap of $259.16 million, a price-to-earnings ratio of 24.85 and a beta of 0.96. The business’s 50-day simple moving average is $40.79 and its 200 day simple moving average is $40.93. Invesco Global Water ETF has a one year low of $38.35 and a one year high of $43.54.

Invesco Global Water ETF Increases Dividend

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

Invesco Global Water ETF Company Profile

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.