Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Up 224.6% in May

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,459 shares, an increase of 224.6% from the April 30th total of 3,530 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 9,742 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Arax Advisory Partners acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth approximately $65,000. JPMorgan Chase & Co. grew its position in shares of 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 period. Sunbelt Securities Inc. increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the 1st quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after purchasing an additional 2,473 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after acquiring an additional 2,620 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at $173,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

NASDAQ PUI traded down $0.42 on Friday, reaching $46.40. The company’s stock had a trading volume of 3,295 shares, compared to its average volume of 13,448. The stock has a market cap of $75.63 million, a PE ratio of 20.63 and a beta of 0.67. Invesco Dorsey Wright Utilities Momentum ETF has a twelve month low of $40.88 and a twelve month high of $49.30. The firm’s 50 day moving average is $47.35 and its two-hundred day moving average is $46.10.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.2594 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25.

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.