Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Shorted: Short Interest Down 58.4% in October

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,135 shares, a decline of 58.4% from the September 30th total of 5,136 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,335 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.4%

Shares of NASDAQ PUI traded up $0.16 during mid-day trading on Friday, hitting $44.13. 1,776 shares of the company traded hands, compared to its average volume of 10,578. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $40.76 and a 1 year high of $48.91. The stock has a market capitalization of $50.31 million, a price-to-earnings ratio of 20.63 and a beta of 0.62. The business has a 50 day moving average of $43.04 and a two-hundred day moving average of $45.77.

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. Sunbelt Securities Inc. lifted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% in the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock valued at $123,000 after purchasing an additional 2,473 shares in the last quarter. Parallel Advisors LLC grew its stake 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 valued at $147,000 after acquiring an additional 2,620 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $241,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at about $270,000. Finally, Citadel Advisors LLC lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 52.4% in the second quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock worth $342,000 after purchasing an additional 2,472 shares in the last quarter.

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.