Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Decreases By 84.5%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 858 shares, a decrease of 84.5% from the June 30th total of 5,527 shares. Based on an average daily volume of 47,777 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of NASDAQ PUI traded up $0.34 during mid-day trading on Friday, reaching $47.77. 1,855 shares of the company’s stock were exchanged, compared to its average volume of 13,913. The company’s 50-day moving average is $46.88 and its 200-day moving average is $46.70. The firm has a market capitalization of $57.32 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $42.65 and a 52-week high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.2094 per share. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth approximately $65,000. JPMorgan Chase & Co. increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $119,000 after purchasing an additional 2,529 shares during the last quarter. Sunbelt Securities Inc. raised its position in 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 during the period. Parallel Advisors LLC raised its position in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% in the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock valued at $147,000 after purchasing an additional 2,620 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $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.