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

Invesco Global Water ETF (NASDAQ:PIO) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 933.3% from the December 15th total of 300 shares. Based on an average trading volume of 8,100 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of hedge funds have recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in Invesco Global Water ETF by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 45,996 shares of the company’s stock worth $1,982,000 after buying an additional 951 shares during the last quarter. Elmwood Wealth Management Inc. lifted its stake in Invesco Global Water ETF by 13.1% during the third quarter. Elmwood Wealth Management Inc. now owns 45,953 shares of the company’s stock worth $1,980,000 after purchasing an additional 5,318 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Invesco Global Water ETF during the third quarter worth $1,038,000. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco Global Water ETF by 1.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,852 shares of the company’s stock worth $721,000 after purchasing an additional 299 shares during the period. Finally, Vima LLC increased its stake in Invesco Global Water ETF by 5.4% during the third quarter. Vima LLC now owns 7,068 shares of the company’s stock valued at $304,000 after purchasing an additional 365 shares during the last quarter.

Invesco Global Water ETF Price Performance

PIO traded up $0.26 during trading on Tuesday, hitting $39.14. The company had a trading volume of 10,010 shares, compared to its average volume of 14,189. Invesco Global Water ETF has a 1-year low of $37.57 and a 1-year high of $43.54. The company has a market cap of $254.41 million, a PE ratio of 28.91 and a beta of 0.96. The business has a 50-day moving average of $40.42 and a 200-day moving average of $41.05.

Invesco Global Water ETF Announces Dividend

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