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

Invesco Global Water ETF (NASDAQ:PIO) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,789 shares, a drop of 61.4% from the June 30th total of 7,233 shares. Based on an average trading volume of 5,111 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Global Water ETF Stock Up 1.1%

PIO traded up $0.50 during trading on Tuesday, hitting $44.88. The company had a trading volume of 15,195 shares, compared to its average volume of 11,839. The company has a market capitalization of $273.77 million, a PE ratio of 24.59 and a beta of 1.00. Invesco Global Water ETF has a one year low of $42.09 and a one year high of $48.63. The firm’s 50-day moving average price is $44.38 and its 200 day moving average price is $45.32.

Invesco Global Water ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3062 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Global Water ETF

A number of institutional investors have recently made changes to their positions in the business. Whittier Trust Co. acquired a new position in Invesco Global Water ETF during the first quarter worth $31,000. Brown Brothers Harriman & Co. acquired a new stake in Invesco Global Water ETF in the 4th quarter valued at $33,000. Intesa Sanpaolo Wealth Management bought a new stake in Invesco Global Water ETF during the 4th quarter worth about $33,000. Trust Co. of Vermont boosted its stake in shares of Invesco Global Water ETF by 475.3% during the 4th quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock worth $38,000 after buying an additional 713 shares during the last quarter. Finally, Union Savings Bank acquired a new position in shares of Invesco Global Water ETF during the 4th quarter worth about $43,000.

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.