Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 7,300 shares, a growth of 160.7% from the August 31st total of 2,800 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 0.7%

PUI opened at $46.62 on Friday. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $36.90 and a 12-month high of $46.87. The firm has a market capitalization of $53.15 million, a PE ratio of 20.63 and a beta of 0.60. The firm has a 50 day moving average of $44.35 and a two-hundred day moving average of $42.26.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.2162 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.86 dividend on an annualized basis and a yield of 1.9%.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Institutional investors have recently bought and sold shares of the business. Private Trust Co. NA purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 1st quarter worth approximately $56,000. Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $173,000. Advisors Capital Management LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $211,000. Osaic Holdings Inc. raised its position in Invesco Dorsey Wright Utilities Momentum ETF by 21.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock worth $289,000 after buying an additional 1,227 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 1st quarter worth approximately $336,000.

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).