Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Increases By 51.2%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,592 shares, an increase of 51.2% from the February 26th total of 5,021 shares. Based on an average trading volume of 5,978 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PUI. Transamerica Financial Advisors LLC raised its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock valued at $13,804,000 after acquiring an additional 329,738 shares during the period. IMC Chicago LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth approximately $1,118,000. Fifth Third Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter valued at approximately $738,000. RPS Advisory Solutions LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at approximately $506,000. Finally, Susquehanna International Group LLP bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth approximately $440,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Invesco Dorsey Wright Utilities Momentum ETF stock traded up $0.23 during mid-day trading on Friday, hitting $46.89. 4,716 shares of the company’s stock traded hands, compared to its average volume of 7,029. The firm has a 50 day simple moving average of $46.49 and a two-hundred day simple moving average of $45.77. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $36.90 and a fifty-two week high of $49.30. The stock has a market cap of $51.58 million, a price-to-earnings ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.2594 per share. The ex-dividend date was Monday, March 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.