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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 24,800 shares, a growth of 2,154.5% from the November 30th total of 1,100 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 2.8 days.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.7 %

Shares of NASDAQ PUI traded down $0.27 during mid-day trading on Friday, reaching $38.90. The company had a trading volume of 2,912 shares, compared to its average volume of 7,758. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $30.23 and a 52-week high of $42.78. The stock has a market cap of $53.29 million, a P/E ratio of 20.82 and a beta of 0.60. The firm has a 50 day simple moving average of $40.48 and a two-hundred day simple moving average of $38.40.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a $0.201 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ROI Financial Advisors LLC raised its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% during the third quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock worth $1,756,000 after purchasing an additional 497 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $962,000. Finally, Private Advisor Group LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter worth approximately $219,000.

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).