Invesco Global Water ETF (NASDAQ:PIO) Short Interest Update

Invesco Global Water ETF (NASDAQ:PIO) saw a significant growth in short interest in May. As of May 28th, there was short interest totalling 20,000 shares, a growth of 614.3% from the May 13th total of 2,800 shares. Based on an average daily trading volume, of 19,900 shares, the short-interest ratio is presently 1.0 days.

NASDAQ:PIO traded up $0.11 during trading hours on Friday, hitting $39.66. 11,451 shares of the company’s stock traded hands, compared to its average volume of 22,395. Invesco Global Water ETF has a 52 week low of $28.03 and a 52 week high of $39.91. The company has a fifty day moving average of $38.65.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Tuesday, March 23rd were given a dividend of $0.006 per share. The ex-dividend date was Monday, March 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.06%.

Several hedge funds have recently bought and sold shares of the stock. AllSquare Wealth Management LLC lifted its position in Invesco Global Water ETF by 57.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 785 shares of the company’s stock valued at $27,000 after purchasing an additional 285 shares during the last quarter. West Financial Advisors LLC purchased a new position in Invesco Global Water ETF in the fourth quarter worth $44,000. Arkadios Wealth Advisors bought a new position in Invesco Global Water ETF in the fourth quarter valued at $52,000. DB Wealth Management Group LLC purchased a new position in Invesco Global Water ETF in the 4th quarter worth approximately $73,000. Finally, Eaton Vance Management purchased a new stake in shares of Invesco Global Water ETF during the first quarter valued at approximately $103,000.

Invesco Global Water ETF Company Profile

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.

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