Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Short Interest Falls 58.4%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decline in short interest in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,335 shares, the short-interest ratio is presently 0.6 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of NASDAQ PUI traded up $0.29 during mid-day trading on Friday, reaching $44.27. The company had a trading volume of 1,209 shares, compared to its average volume of 10,575. The company has a market capitalization of $50.46 million, a price-to-earnings ratio of 20.63 and a beta of 0.62. The stock has a fifty day moving average of $43.06 and a two-hundred day moving average of $45.77. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $40.76 and a 12-month high of $48.91.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of large investors have recently bought and sold shares of the business. ROI Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the 1st quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock valued at $2,103,000 after buying an additional 1,308 shares during the last quarter. Citadel Advisors LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 52.4% during the second quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock valued at $342,000 after acquiring an additional 2,472 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% in the 1st quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after acquiring an additional 2,473 shares during the period. Parallel Advisors LLC increased its position 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 valued at $147,000 after purchasing an additional 2,620 shares during the period. Finally, NWF Advisory Services Inc. lifted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after acquiring an additional 3,028 shares during the period.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

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.