Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Grows By 57.6%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,294 shares, a growth of 57.6% from the July 30th total of 821 shares. Based on an average daily volume of 3,168 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in 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 valued at $283,000 after purchasing an additional 673 shares during the period. ROI Financial Advisors LLC grew its position 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 worth $1,893,000 after purchasing an additional 735 shares during the period. Osaic Holdings Inc. grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 21.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock worth $289,000 after purchasing an additional 1,227 shares during the period. Arax Advisory Partners bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth approximately $65,000. Finally, IMC Chicago LLC lifted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 6.2% during 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.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of NASDAQ:PUI opened at $43.88 on Wednesday. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $42.65 and a 1 year high of $49.30. The company has a market cap of $52.66 million, a P/E ratio of 20.63 and a beta of 0.63. The stock’s fifty day moving average price is $46.18 and its 200-day moving average price is $46.86.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.2094 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%.

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.