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

Invesco Global Water ETF (NASDAQ:PIO) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decline of 90.0% from the May 31st total of 1,000 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Invesco Global Water ETF

Several institutional investors have recently bought and sold shares of PIO. Holderness Investments Co. bought a new position in Invesco Global Water ETF during the fourth quarter valued at about $755,000. International Assets Investment Management LLC bought a new position in Invesco Global Water ETF during the fourth quarter valued at about $618,000. Vima LLC bought a new position in Invesco Global Water ETF during the fourth quarter valued at about $255,000. Virtu Financial LLC grew its position in shares of Invesco Global Water ETF by 98.8% in the fourth quarter. Virtu Financial LLC now owns 12,356 shares of the company’s stock valued at $488,000 after purchasing an additional 6,142 shares during the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in shares of Invesco Global Water ETF in the first quarter valued at about $210,000.

Invesco Global Water ETF Stock Performance

Shares of NASDAQ:PIO traded up $0.24 during trading on Friday, hitting $40.41. The company’s stock had a trading volume of 6,583 shares, compared to its average volume of 8,764. Invesco Global Water ETF has a fifty-two week low of $31.30 and a fifty-two week high of $43.54. The stock’s 50-day moving average price is $41.65 and its two-hundred day moving average price is $40.64. The company has a market capitalization of $278.79 million, a PE ratio of 28.91 and a beta of 0.96.

Invesco Global Water ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.2198 per share. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.01. This represents a $0.88 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Monday, June 24th.

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.