Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI – Get Free Report) 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
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).
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