Invesco Global Water ETF (NASDAQ:PIO) Sees Significant Decline in Short Interest

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 670 shares, a decline of 50.4% from the August 15th total of 1,350 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,865 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Global Water ETF Stock Performance

NASDAQ:PIO traded down $0.13 during midday trading on Tuesday, reaching $42.96. 7,098 shares of the stock traded hands, compared to its average volume of 10,899. The stock has a market capitalization of $258.19 million, a P/E ratio of 24.59 and a beta of 0.99. The company has a fifty day moving average of $44.71 and a 200 day moving average of $44.75. Invesco Global Water ETF has a 12 month low of $42.09 and a 12 month high of $48.63.

Invesco Global Water ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3062 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.9%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Invesco Global Water ETF by 2.9% during the first quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after acquiring an additional 13,958 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Invesco Global Water ETF by 374.7% during the second quarter. Citadel Advisors LLC now owns 29,825 shares of the company’s stock valued at $1,341,000 after purchasing an additional 23,542 shares in the last quarter. Advocacy Wealth Management LLC purchased a new position in shares of Invesco Global Water ETF during the second quarter valued at approximately $1,930,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Global Water ETF during the second quarter valued at approximately $45,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invesco Global Water ETF in the 2nd quarter worth approximately $374,000.

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.