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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,655 shares, an increase of 149.2% from the January 15th total of 664 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 3,677 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 3,677 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently made changes to their positions in PUI. Private Advisor Group LLC increased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 12.2% during the third quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock worth $283,000 after purchasing an additional 673 shares in the last quarter. ROI Financial Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.7% during the fourth quarter. ROI Financial Advisors LLC now owns 43,436 shares of the company’s stock worth $1,893,000 after buying an additional 735 shares in the last quarter. Fifth Third Securities Inc. raised its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 5.9% in the fourth quarter. Fifth Third Securities Inc. now owns 17,031 shares of the company’s stock valued at $742,000 after buying an additional 956 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 39.9% in the third quarter. Global Retirement Partners LLC now owns 3,509 shares of the company’s stock worth $161,000 after buying an additional 1,000 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 21.6% during the second quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock worth $289,000 after acquiring an additional 1,227 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 2.2%

PUI stock opened at $47.82 on Friday. The stock has a market capitalization of $52.60 million, a P/E ratio of 20.63 and a beta of 0.66. The firm has a 50-day simple moving average of $44.43 and a 200-day simple moving average of $45.03. Invesco Dorsey Wright Utilities Momentum ETF has a 52 week low of $36.90 and a 52 week high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.2504 per share. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 22nd. This represents a $1.00 annualized dividend and a yield of 2.1%.

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.