Invesco Global Water ETF (NASDAQ:PIO) Short Interest Up 87.5% in March

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a growth of 87.5% from the February 28th total of 800 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Global Water ETF

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Invesco Global Water ETF by 411.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 772 shares of the company’s stock worth $33,000 after purchasing an additional 621 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco Global Water ETF in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC increased its position in shares of Invesco Global Water ETF by 1,045.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,111 shares of the company’s stock worth $43,000 after acquiring an additional 1,014 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Invesco Global Water ETF by 253.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,900 shares of the company’s stock worth $74,000 after acquiring an additional 1,363 shares during the period. Finally, FMR LLC lifted its position 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 acquiring an additional 469 shares in the last quarter.

Invesco Global Water ETF Stock Down 1.6 %

Shares of PIO traded down $0.66 during trading hours on Friday, reaching $40.18. The stock had a trading volume of 10,553 shares, compared to its average volume of 9,781. The firm has a 50-day moving average of $40.79 and a 200 day moving average of $40.93. The company has a market cap of $259.16 million, a P/E ratio of 24.85 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.

Invesco Global Water ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.0541 dividend. This is an increase from Invesco Global Water ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 24th.

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.