Short Interest in Invesco Global Water ETF (NASDAQ:PIO) Expands By 33.3%

Invesco Global Water ETF (NASDAQ:PIO) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the March 31st total of 1,200 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 0.2 days.

Invesco Global Water ETF Stock Performance

Shares of PIO traded down $0.62 during trading hours on Tuesday, reaching $40.60. The stock had a trading volume of 1,739 shares, compared to its average volume of 9,246. The stock has a market capitalization of $280.14 million, a PE ratio of 27.25 and a beta of 0.96. Invesco Global Water ETF has a 12 month low of $31.30 and a 12 month high of $43.24. The company’s 50-day moving average is $41.51 and its two-hundred day moving average is $38.42.

Invesco Global Water ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.0084 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.03 annualized dividend and a dividend yield of 0.08%.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Legacy Financial Group LLC bought a new position in shares of Invesco Global Water ETF during the 3rd quarter worth approximately $26,000. Millburn Ridgefield Corp raised its holdings in shares of Invesco Global Water ETF by 329.7% in the 4th quarter. Millburn Ridgefield Corp now owns 679 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares during the period. Aptus Capital Advisors LLC bought a new stake in shares of Invesco Global Water ETF in the 3rd quarter worth approximately $44,000. AdvisorNet Financial Inc raised its holdings in shares of Invesco Global Water ETF by 33.3% in the 4th quarter. AdvisorNet Financial Inc now owns 1,600 shares of the company’s stock worth $63,000 after purchasing an additional 400 shares during the period. Finally, Community Financial Services Group LLC bought a new stake in shares of Invesco Global Water ETF in the 1st quarter worth approximately $210,000.

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.