Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,135 shares, a decline of 58.4% from the September 30th total of 5,136 shares. Based on an average daily volume of 3,335 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PUI. Envestnet Asset Management Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth approximately $505,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at approximately $241,000. Citadel Advisors LLC raised its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 52.4% in the 2nd quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock worth $342,000 after acquiring an additional 2,472 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at approximately $270,000. Finally, NWF Advisory Services Inc. lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 32.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock valued at $591,000 after acquiring an additional 3,028 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 0.4%

PUI opened at $44.13 on Friday. The stock has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $45.77. The company has a market cap of $50.31 million, a price-to-earnings ratio of 20.63 and a beta of 0.62. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $40.76 and a 12-month high of $48.91.

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.