Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 85.5% in January

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 664 shares, a decline of 85.5% from the December 31st total of 4,587 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 12,784 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 12,784 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 1.3%

Shares of NASDAQ:PUI traded up $0.59 on Tuesday, reaching $45.00. 1,905 shares of the company’s stock were exchanged, compared to its average volume of 9,065. The business’s 50-day moving average is $44.37 and its two-hundred day moving average is $44.82. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $36.90 and a fifty-two week high of $49.30. The firm has a market capitalization of $49.50 million, a price-to-earnings ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2504 dividend. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PUI. Janney Montgomery Scott LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at $4,768,000. Fifth Third Securities Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth about $738,000. SPC Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth about $994,000. Transamerica Financial Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock worth $13,804,000 after acquiring an additional 329,738 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at about $211,000.

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.