Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Declines By 61.4%

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

Invesco Global Water ETF Price Performance

Invesco Global Water ETF stock opened at $44.08 on Monday. Invesco Global Water ETF has a fifty-two week low of $42.09 and a fifty-two week high of $48.63. The firm’s 50 day simple moving average is $44.37 and its 200-day simple moving average is $45.32. The company has a market cap of $268.89 million, a P/E ratio of 24.59 and a beta of 1.00.

Invesco Global Water ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.3062 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Whittier Trust Co. purchased a new stake in Invesco Global Water ETF in the 1st quarter worth about $31,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Invesco Global Water ETF in the 4th quarter valued at about $33,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco Global Water ETF in the fourth quarter worth approximately $33,000. Trust Co. of Vermont boosted its holdings in shares of Invesco Global Water ETF by 475.3% during the fourth quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock worth $38,000 after purchasing an additional 713 shares during the period. Finally, Union Savings Bank acquired a new stake in shares of Invesco Global Water ETF during the fourth quarter worth approximately $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.