Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Update

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 7,525 shares, a growth of 85.7% from the November 30th total of 4,053 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 4,724 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 4,724 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds have recently modified their holdings of PUI. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 2,529 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 39.9% in the third quarter. Global Retirement Partners LLC now owns 3,509 shares of the company’s stock valued at $161,000 after purchasing an additional 1,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $173,000. Advisors Capital Management LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $211,000. Finally, NWF Advisory Services Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth approximately $230,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI stock opened at $43.76 on Tuesday. The stock has a market capitalization of $49.89 million, a P/E ratio of 20.63 and a beta of 0.66. The company has a 50 day moving average price of $45.38 and a 200 day moving average price of $44.43. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $36.90 and a fifty-two week high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2504 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 22nd.

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.