Invesco Global Water ETF (NASDAQ:PIO) Short Interest Up 813.3% in March

Invesco Global Water ETF (NASDAQ:PIO) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 13,700 shares, an increase of 813.3% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Global Water ETF Stock Performance

NASDAQ PIO traded up $0.60 during trading on Monday, reaching $39.50. 8,146 shares of the company traded hands, compared to its average volume of 9,980. Invesco Global Water ETF has a 1-year low of $33.00 and a 1-year high of $43.54. The stock’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $40.61. The company has a market cap of $242.93 million, a price-to-earnings ratio of 24.85 and a beta of 0.96.

Invesco Global Water ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Global Water ETF

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in Invesco Global Water ETF by 411.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 772 shares of the company’s stock valued at $33,000 after acquiring an additional 621 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Invesco Global Water ETF in the 4th quarter valued at $42,000. Global Retirement Partners LLC increased its stake in shares of Invesco Global Water ETF by 1,045.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,111 shares of the company’s stock valued at $43,000 after buying an additional 1,014 shares during the period. Jones Financial Companies Lllp raised its position in shares of Invesco Global Water ETF by 253.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,900 shares of the company’s stock worth $74,000 after acquiring an additional 1,363 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Invesco Global Water ETF by 22.2% during the third quarter. FMR LLC now owns 2,577 shares of the company’s stock valued at $111,000 after acquiring an additional 469 shares during the period.

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.