Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Large Growth in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,655 shares, a growth of 149.2% from the January 15th total of 664 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,677 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 3,677 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its stake in Invesco Dorsey Wright Utilities Momentum ETF by 12.2% in the 3rd quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock valued at $283,000 after buying an additional 673 shares in the last quarter. Fifth Third Securities Inc. grew its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 5.9% in the fourth quarter. Fifth Third Securities Inc. now owns 17,031 shares of the company’s stock valued at $742,000 after purchasing an additional 956 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of 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. Osaic Holdings Inc. raised its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 21.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock valued at $289,000 after purchasing an additional 1,227 shares during the period. Finally, ROI Financial Advisors LLC lifted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% during the 2nd quarter. ROI Financial Advisors LLC now owns 45,084 shares of the company’s stock worth $1,886,000 after purchasing an additional 1,297 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 1.2%

PUI traded up $0.57 during trading hours on Thursday, hitting $46.83. The stock had a trading volume of 3,539 shares, compared to its average volume of 6,802. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $36.90 and a 1 year high of $49.30. The company’s fifty day simple moving average is $44.34 and its 200 day simple moving average is $44.99. The stock has a market cap of $51.51 million, a PE 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. Stockholders of record on Monday, December 22nd were paid 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 annualized dividend and a dividend yield of 2.1%.

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.