Invesco Global Water ETF (NASDAQ:PIO) Short Interest Up 598.6% in June

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,531 shares, a growth of 598.6% from the May 31st total of 1,078 shares. Based on an average trading volume of 7,857 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in Invesco Global Water ETF during the 1st quarter valued at $31,000. Brown Brothers Harriman & Co. acquired a new position in Invesco Global Water ETF in the fourth quarter worth $33,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Invesco Global Water ETF during the fourth quarter worth $33,000. Trust Co. of Vermont grew its holdings in shares of Invesco Global Water ETF by 475.3% during the fourth 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 last quarter. Finally, Union Savings Bank acquired a new stake in shares of Invesco Global Water ETF in the fourth quarter valued at $43,000.

Invesco Global Water ETF Stock Performance

Shares of NASDAQ PIO opened at $45.17 on Friday. The stock has a market cap of $275.54 million, a PE ratio of 24.59 and a beta of 1.00. The business has a fifty day moving average of $44.78 and a two-hundred day moving average of $45.26. Invesco Global Water ETF has a 52-week low of $42.09 and a 52-week high of $48.63.

Invesco Global Water ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3062 per share. This represents a $1.22 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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. 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.