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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,294 shares, an increase of 57.6% from the July 30th total of 821 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,168 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PUI. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at about $65,000. JPMorgan Chase & Co. boosted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during 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 in the last quarter. Sunbelt Securities Inc. grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% in the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after purchasing an additional 2,473 shares during the period. Parallel Advisors LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% in the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after purchasing an additional 2,620 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at approximately $173,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.1%

NASDAQ PUI opened at $43.92 on Thursday. The firm has a market capitalization of $52.70 million, a PE ratio of 20.63 and a beta of 0.63. The stock’s 50 day moving average is $46.11 and its 200 day moving average is $46.84. Invesco Dorsey Wright Utilities Momentum ETF has a twelve month low of $42.65 and a twelve month high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2094 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 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). 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.