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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 4,587 shares, a drop of 39.0% from the December 15th total of 7,525 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 4,358 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 4,358 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are short sold.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 0.5%

Invesco Dorsey Wright Utilities Momentum ETF stock opened at $44.59 on Friday. The firm has a market cap of $49.05 million, a P/E ratio of 20.63 and a beta of 0.66. The business has a fifty day moving average of $44.55 and a two-hundred day moving average of $44.62. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.2504 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% in the second quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock worth $13,804,000 after purchasing an additional 329,738 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth $4,768,000. Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth $2,476,000. IMC Chicago LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter valued at about $1,118,000. Finally, SPC Financial Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $994,000.

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.