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

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,200 shares, a decrease of 20.8% from the January 15th total of 5,300 shares. Based on an average daily trading volume, of 12,200 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of large investors have recently made changes to their positions in PIO. Wells Fargo & Company MN grew its position in Invesco Global Water ETF by 38.7% during the fourth quarter. Wells Fargo & Company MN now owns 111,087 shares of the company’s stock worth $4,339,000 after buying an additional 30,980 shares in the last quarter. LPL Financial LLC grew its position in Invesco Global Water ETF by 0.7% during the fourth quarter. LPL Financial LLC now owns 84,194 shares of the company’s stock worth $3,289,000 after buying an additional 606 shares in the last quarter. Susquehanna International Group LLP grew its position in Invesco Global Water ETF by 18.9% during the fourth quarter. Susquehanna International Group LLP now owns 82,502 shares of the company’s stock worth $3,222,000 after buying an additional 13,137 shares in the last quarter. Stifel Financial Corp grew its position in Invesco Global Water ETF by 6.9% during the fourth quarter. Stifel Financial Corp now owns 49,191 shares of the company’s stock worth $1,921,000 after buying an additional 3,195 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Invesco Global Water ETF during the third quarter worth approximately $1,038,000.

Invesco Global Water ETF Stock Performance

Shares of NASDAQ PIO traded up $0.11 during trading hours on Friday, reaching $41.22. 8,565 shares of the stock were exchanged, compared to its average volume of 16,369. The firm has a market capitalization of $265.84 million, a price-to-earnings ratio of 28.91 and a beta of 0.96. Invesco Global Water ETF has a 52 week low of $38.35 and a 52 week high of $43.54. The stock’s fifty day simple moving average is $40.11 and its 200 day simple moving average is $40.99.

Invesco Global Water ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.0496 per share. The ex-dividend date was Monday, December 23rd.

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.