Short Interest in Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Drops By 71.7%

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,049 shares, a decrease of 71.7% from the July 15th total of 17,839 shares. Based on an average daily trading volume, of 24,805 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its stake in Invesco S&P Global Water Index ETF by 511.8% during the 1st quarter. Jane Street Group LLC now owns 34,205 shares of the company’s stock worth $1,905,000 after purchasing an additional 28,614 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P Global Water Index ETF by 3.6% in the second quarter. JPMorgan Chase & Co. now owns 7,561 shares of the company’s stock valued at $473,000 after buying an additional 264 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P Global Water Index ETF by 32.3% during the second quarter. Raymond James Financial Inc. now owns 125,003 shares of the company’s stock worth $7,813,000 after acquiring an additional 30,513 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P Global Water Index ETF by 14.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 151,347 shares of the company’s stock valued at $9,491,000 after acquiring an additional 19,089 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Invesco S&P Global Water Index ETF by 33.4% in the 2nd quarter. Bank of America Corp DE now owns 423,184 shares of the company’s stock worth $26,449,000 after purchasing an additional 106,023 shares during the period.

Invesco S&P Global Water Index ETF Stock Performance

CGW stock traded down $0.20 during midday trading on Friday, hitting $65.43. 12,280 shares of the company’s stock were exchanged, compared to its average volume of 35,577. Invesco S&P Global Water Index ETF has a one year low of $61.34 and a one year high of $68.92. The company has a market cap of $1.06 billion, a PE ratio of 21.45 and a beta of 0.91. The stock’s fifty day moving average price is $64.84 and its 200-day moving average price is $64.96.

About Invesco S&P Global Water Index ETF

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.