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

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

Invesco Global Water ETF Trading Up 0.3 %

PIO stock traded up $0.11 during trading on Friday, hitting $41.22. The company had a trading volume of 8,565 shares, compared to its average volume of 16,369. The company has a fifty day moving average price of $40.11 and a two-hundred day moving average price of $40.99. The company has a market cap of $265.84 million, a P/E ratio of 28.91 and a beta of 0.96. Invesco Global Water ETF has a fifty-two week low of $38.35 and a fifty-two week high of $43.54.

Invesco Global Water ETF Dividend Announcement

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

Institutional Trading of Invesco Global Water ETF

Several institutional investors have recently bought and sold shares of PIO. Bristlecone Advisors LLC acquired a new stake in Invesco Global Water ETF in the 3rd quarter valued at $28,000. Vima LLC boosted its stake in Invesco Global Water ETF by 5.4% in the 3rd quarter. Vima LLC now owns 7,068 shares of the company’s stock valued at $304,000 after buying an additional 365 shares in the last quarter. US Bancorp DE boosted its stake in Invesco Global Water ETF by 73.0% in the 3rd quarter. US Bancorp DE now owns 1,989 shares of the company’s stock valued at $86,000 after buying an additional 839 shares in the last quarter. FMR LLC boosted its stake in Invesco Global Water ETF by 22.2% in the 3rd quarter. FMR LLC now owns 2,577 shares of the company’s stock valued at $111,000 after buying an additional 469 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in Invesco Global Water ETF in the 3rd quarter valued at $1,038,000.

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.