Invesco Global Water ETF (NASDAQ:PIO) Short Interest Down 71.4% in May

Invesco Global Water ETF (NASDAQ:PIO) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,078 shares, a drop of 71.4% from the May 14th total of 3,773 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,747 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Global Water ETF Trading Up 0.6%

Shares of Invesco Global Water ETF stock traded up $0.28 during trading hours on Thursday, reaching $43.37. The stock had a trading volume of 9,320 shares, compared to its average volume of 13,446. The firm has a 50 day simple moving average of $44.87 and a two-hundred day simple moving average of $45.28. The firm has a market capitalization of $264.56 million, a price-to-earnings ratio of 24.59 and a beta of 1.00. Invesco Global Water ETF has a 1 year low of $42.09 and a 1 year high of $48.63.

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 issued a $0.0449 dividend. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 23rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of large investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Invesco Global Water ETF in the first quarter valued at about $31,000. Intesa Sanpaolo Wealth Management acquired a new stake in Invesco Global Water ETF during the 4th quarter valued at approximately $33,000. Brown Brothers Harriman & Co. acquired a new stake in Invesco Global Water ETF during the 4th quarter valued at approximately $33,000. Trust Co. of Vermont grew its stake in Invesco Global Water ETF by 475.3% during the 4th quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock valued at $38,000 after purchasing an additional 713 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in Invesco Global Water ETF during the 4th quarter valued at approximately $43,000.

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.