Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Drops By 61.4%

Invesco Global Water ETF (NASDAQ:PIO) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,789 shares, a drop of 61.4% from the June 30th total of 7,233 shares. Based on an average trading volume of 5,111 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Global Water ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PIO. Bank of America Corp DE grew its holdings in Invesco Global Water ETF by 2.9% in the 1st quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after buying an additional 13,958 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco Global Water ETF by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock valued at $1,205,000 after acquiring an additional 1,954 shares in the last quarter. CI Investments Inc. boosted its position in Invesco Global Water ETF by 11.5% during the 1st quarter. CI Investments Inc. now owns 11,607 shares of the company’s stock worth $504,000 after acquiring an additional 1,200 shares during the period. Fifth Third Bancorp acquired a new position in Invesco Global Water ETF during the 1st quarter worth $83,000. Finally, Whittier Trust Co. acquired a new position in Invesco Global Water ETF during the 1st quarter worth $31,000.

Invesco Global Water ETF Stock Down 0.2%

Shares of NASDAQ:PIO opened at $44.08 on Monday. The company’s 50-day moving average price is $44.37 and its 200 day moving average price is $45.32. The company has a market cap of $268.89 million, a PE ratio of 24.59 and a beta of 1.00. Invesco Global Water ETF has a fifty-two week low of $42.09 and a fifty-two week high of $48.63.

Invesco Global Water ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.3062 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.8%.

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.