Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Large Decline in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 482 shares, a drop of 62.8% from the August 15th total of 1,294 shares. Based on an average daily volume of 3,256 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.1%

PUI traded down $0.06 during trading hours on Friday, hitting $43.80. 1,758 shares of the company’s stock were exchanged, compared to its average volume of 11,890. The firm has a market cap of $52.56 million, a P/E ratio of 20.63 and a beta of 0.63. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $43.08 and a 12-month high of $49.30. The firm has a 50 day moving average of $45.66 and a 200 day moving average of $46.69.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of large investors have recently modified their holdings of PUI. Arax Advisory Partners purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at $65,000. JPMorgan Chase & Co. increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after purchasing an additional 2,529 shares during the period. Sunbelt Securities Inc. increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the 1st quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after purchasing an additional 2,473 shares during the period. Parallel Advisors LLC increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the 1st quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after purchasing an additional 2,620 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at about $173,000.

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.