Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Up 149.2% in January

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,655 shares, an increase of 149.2% from the January 15th total of 664 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,677 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 3,677 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after acquiring an additional 2,529 shares during the last quarter. Global Retirement Partners LLC lifted its stake 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 purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $173,000. Advisors Capital Management LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $211,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth $216,000.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 1.2%

NASDAQ PUI traded up $0.57 during midday trading on Thursday, hitting $46.83. The company had a trading volume of 3,539 shares, compared to its average volume of 6,802. The firm has a 50-day moving average price of $44.34 and a 200-day moving average price of $44.99. The company has a market capitalization of $51.51 million, a PE ratio of 20.63 and a beta of 0.66. Invesco Dorsey Wright Utilities Momentum ETF has a twelve month low of $36.90 and a twelve month high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2504 per share. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%.

About Invesco Dorsey Wright Utilities Momentum ETF

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.