Invesco Global Water ETF (NASDAQ:PIO) Short Interest Up 956.9% in May

Invesco Global Water ETF (NASDAQ:PIO) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,773 shares, an increase of 956.9% from the April 30th total of 357 shares. Based on an average daily volume of 24,164 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PIO. Comerica Bank grew its position in shares of Invesco Global Water ETF by 29.9% during the first quarter. Comerica Bank now owns 1,955 shares of the company’s stock valued at $78,000 after purchasing an additional 450 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $544,000 after purchasing an additional 11,668 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Invesco Global Water ETF during the third quarter valued at about $235,000. Journey Strategic Wealth LLC grew its position in shares of Invesco Global Water ETF by 6.5% during the third quarter. Journey Strategic Wealth LLC now owns 7,180 shares of the company’s stock valued at $322,000 after purchasing an additional 440 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Invesco Global Water ETF by 4.2% during the third quarter. UBS Group AG now owns 111,290 shares of the company’s stock valued at $4,996,000 after purchasing an additional 4,481 shares in the last quarter.

Invesco Global Water ETF Trading Up 0.2%

Invesco Global Water ETF stock traded up $0.08 during trading on Thursday, reaching $44.12. The company had a trading volume of 2,385 shares, compared to its average volume of 13,714. Invesco Global Water ETF has a 52 week low of $42.09 and a 52 week high of $48.63. The firm’s 50-day simple moving average is $44.69 and its 200 day simple moving average is $45.35. The firm has a market capitalization of $269.13 million, a price-to-earnings ratio of 24.59 and a beta of 1.03.

Invesco Global Water ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0449 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%.

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. 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.