Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 19.2% in April

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 9,420 shares, a decline of 19.2% from the March 31st total of 11,660 shares. Based on an average trading volume of 59,182 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of large investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 103,157 shares of the company’s stock valued at $4,496,000 after acquiring an additional 2,816 shares during the period. ROI Financial Advisors LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.7% in the 4th quarter. ROI Financial Advisors LLC now owns 43,436 shares of the company’s stock valued at $1,893,000 after buying an additional 735 shares during the period. IMC Chicago LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 6.2% in the 4th quarter. IMC Chicago LLC now owns 25,852 shares of the company’s stock valued at $1,127,000 after buying an additional 1,519 shares during the period. Fifth Third Securities Inc. increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 5.9% in the 4th 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 period. Finally, Jones Financial Companies Lllp increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 49.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,699 shares of the company’s stock valued at $624,000 after buying an additional 4,542 shares during the period.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 2.3%

Shares of PUI stock traded up $1.10 during trading hours on Thursday, reaching $48.66. 8,455 shares of the stock traded hands, compared to its average volume of 14,603. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $40.16 and a 1-year high of $49.30. The business has a fifty day moving average price of $47.54 and a 200 day moving average price of $46.11. The firm has a market capitalization of $80.78 million, a PE ratio of 20.63 and a beta of 0.69.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.2594 per share. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, March 23rd.

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.