Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Increase in Short Interest

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 46,326 shares, an increase of 279.0% from the April 30th total of 12,222 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 31,367 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGW. Jane Street Group LLC increased its stake in shares of Invesco S&P Global Water Index ETF by 511.8% during the 1st quarter. Jane Street Group LLC now owns 34,205 shares of the company’s stock worth $1,905,000 after purchasing an additional 28,614 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco S&P Global Water Index ETF by 3.6% during the second quarter. JPMorgan Chase & Co. now owns 7,561 shares of the company’s stock valued at $473,000 after purchasing an additional 264 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco S&P Global Water Index ETF by 32.3% during the second quarter. Raymond James Financial Inc. now owns 125,003 shares of the company’s stock valued at $7,813,000 after purchasing an additional 30,513 shares during the period. Ameriprise Financial Inc. increased its position in Invesco S&P Global Water Index ETF by 14.4% in the second quarter. Ameriprise Financial Inc. now owns 151,347 shares of the company’s stock worth $9,491,000 after buying an additional 19,089 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Invesco S&P Global Water Index ETF by 33.4% in the second quarter. Bank of America Corp DE now owns 423,184 shares of the company’s stock worth $26,449,000 after buying an additional 106,023 shares during the last quarter.

Invesco S&P Global Water Index ETF Stock Down 0.2%

CGW stock opened at $62.47 on Friday. The firm has a market cap of $997.02 million, a PE ratio of 21.45 and a beta of 0.95. The business has a 50 day moving average of $64.15 and a 200-day moving average of $64.72. Invesco S&P Global Water Index ETF has a 12-month low of $60.45 and a 12-month high of $68.92.

About Invesco S&P Global Water Index ETF

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.