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

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,531 shares, an increase of 598.6% from the May 31st total of 1,078 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 7,857 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Invesco Global Water ETF

A number of large investors have recently bought and sold shares of PIO. Cetera Investment Advisers increased its holdings in Invesco Global Water ETF by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock worth $1,205,000 after acquiring an additional 1,954 shares during the last quarter. CI Investments Inc. lifted its holdings in Invesco Global Water ETF by 11.5% during the first quarter. CI Investments Inc. now owns 11,607 shares of the company’s stock valued at $504,000 after purchasing an additional 1,200 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Invesco Global Water ETF during the first quarter valued at about $83,000. Intesa Sanpaolo Wealth Management bought a new position in Invesco Global Water ETF during the fourth quarter worth about $33,000. Finally, Brown Brothers Harriman & Co. bought a new position in Invesco Global Water ETF during the fourth quarter worth about $33,000.

Invesco Global Water ETF Stock Up 1.2%

Shares of PIO stock opened at $44.96 on Friday. The company has a 50 day moving average of $44.80 and a 200-day moving average of $45.26. Invesco Global Water ETF has a 12-month low of $42.09 and a 12-month high of $48.63. The firm has a market cap of $274.26 million, a P/E ratio of 24.59 and a beta of 1.00.

Invesco Global Water ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.3062 per share. This represents a $1.22 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 22nd.

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. 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.