Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 39.0% in December

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,587 shares, a drop of 39.0% from the December 15th total of 7,525 shares. Based on an average daily volume of 4,358 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,358 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

NASDAQ PUI traded down $0.24 during trading hours on Friday, hitting $44.59. 5,334 shares of the company’s stock were exchanged, compared to its average volume of 12,139. The business’s 50 day moving average is $44.55 and its 200-day moving average is $44.62. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $36.90 and a 12-month high of $49.30. The firm has a market capitalization of $49.05 million, a P/E ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.2504 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change 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%.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Several institutional investors have recently made changes to their positions in PUI. Janney Montgomery Scott LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at $4,768,000. Fifth Third Securities Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter worth about $738,000. SPC Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth about $994,000. Transamerica Financial Advisors LLC lifted its stake 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 valued at $13,804,000 after purchasing an additional 329,738 shares in the last quarter. Finally, Advisors Capital Management LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth about $211,000.

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.