Invesco Global Water ETF (NASDAQ:PIO) Short Interest Update

Invesco Global Water ETF (NASDAQ:PIO) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the March 31st total of 1,200 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco Global Water ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PIO. Legacy Financial Group LLC purchased a new position in Invesco Global Water ETF during the third quarter worth about $26,000. Millburn Ridgefield Corp raised its holdings in Invesco Global Water ETF by 329.7% during the fourth quarter. Millburn Ridgefield Corp now owns 679 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in Invesco Global Water ETF during the third quarter worth about $44,000. AdvisorNet Financial Inc raised its holdings in Invesco Global Water ETF by 33.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,600 shares of the company’s stock worth $63,000 after purchasing an additional 400 shares in the last quarter. Finally, Community Financial Services Group LLC purchased a new position in Invesco Global Water ETF during the first quarter worth about $210,000.

Invesco Global Water ETF Price Performance

Shares of NASDAQ:PIO traded up $0.27 on Friday, reaching $41.04. The company’s stock had a trading volume of 8,032 shares, compared to its average volume of 9,366. The stock’s 50-day moving average is $41.49 and its two-hundred day moving average is $38.33. Invesco Global Water ETF has a 52-week low of $31.30 and a 52-week high of $43.24. The stock has a market capitalization of $283.18 million, a P/E ratio of 27.25 and a beta of 0.93.

Invesco Global Water ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.0084 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.08%.

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.