Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 19.2% in April

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 9,420 shares, a decrease of 19.2% from the March 31st total of 11,660 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 59,182 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.7%

NASDAQ PUI opened at $48.34 on Friday. The firm’s fifty day moving average price is $47.56 and its two-hundred day moving average price is $46.13. The firm has a market capitalization of $78.79 million, a P/E ratio of 20.63 and a beta of 0.67. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $40.16 and a 1 year high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2594 per share. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.1%.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. IMC Chicago LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter valued at approximately $1,118,000. NWF Advisory Services Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at $230,000. Global Retirement Partners LLC raised its position in Invesco Dorsey Wright Utilities Momentum ETF by 39.9% in the 3rd quarter. Global Retirement Partners LLC now owns 3,509 shares of the company’s stock valued at $161,000 after buying an additional 1,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $119,000 after acquiring an additional 2,529 shares in the last quarter. Finally, Arax Advisory Partners bought a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at $65,000.

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.