Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Drops By 84.0%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 800 shares, a drop of 84.0% from the September 30th total of 5,000 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 1.2 %

Shares of NASDAQ PUI traded down $0.48 during midday trading on Friday, reaching $39.92. 35,425 shares of the company were exchanged, compared to its average volume of 7,514. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $29.54 and a 1 year high of $40.70. The stock has a fifty day simple moving average of $39.20 and a 200 day simple moving average of $36.62. The stock has a market cap of $57.09 million, a P/E ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the third quarter valued at about $219,000. Sunbelt Securities Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at about $962,000. Capital Advisors Ltd. LLC lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 1.6% in the second quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock valued at $616,000 after purchasing an additional 279 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 12.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,710 shares of the company’s stock valued at $529,000 after purchasing an additional 1,750 shares during the period.

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).