Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Significant Decline in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 858 shares, a decrease of 84.5% from the June 30th total of 5,527 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 47,777 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Invesco Dorsey Wright Utilities Momentum ETF stock traded down $0.62 during midday trading on Monday, hitting $46.71. 2,401 shares of the company’s stock were exchanged, compared to its average volume of 13,830. The company has a market cap of $56.05 million, a P/E ratio of 20.63 and a beta of 0.63. The stock has a 50-day moving average price of $46.88 and a two-hundred day moving average price of $46.72. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $42.65 and a 52-week high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2094 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PUI. Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at $173,000. Advisory Services Network LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at $398,000. Osaic Holdings Inc. grew its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 21.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock worth $289,000 after buying an additional 1,227 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after purchasing an additional 2,529 shares during the period. Finally, Private Advisor Group LLC boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 12.2% during the 3rd quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock valued at $283,000 after acquiring an additional 673 shares in the last quarter.

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.