Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Update

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,100 shares, an increase of 485.7% from the September 30th total of 700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds have recently modified their holdings of the business. Private Trust Co. NA acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth $56,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $4,768,000. ROI Financial Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.3% during the first quarter. ROI Financial Advisors LLC now owns 43,787 shares of the company’s stock worth $1,793,000 after purchasing an additional 550 shares during the period. SPC Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $994,000. Finally, Fifth Third Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth $738,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

NASDAQ PUI opened at $47.41 on Thursday. The firm’s fifty day moving average price is $45.58 and its two-hundred day moving average price is $43.24. The stock has a market cap of $54.05 million, a PE ratio of 20.63 and a beta of 0.66. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $36.90 and a fifty-two week high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.2162 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, September 22nd.

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).