Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Update

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,592 shares, an increase of 51.2% from the February 26th total of 5,021 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 5,978 shares, the days-to-cover ratio is currently 1.3 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI stock traded up $0.23 on Friday, hitting $46.89. The company’s stock had a trading volume of 4,716 shares, compared to its average volume of 7,029. 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 company has a market capitalization of $51.58 million, a PE ratio of 20.63 and a beta of 0.66. The stock’s 50 day moving average is $46.49 and its 200-day moving average is $45.79.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transamerica Financial Advisors LLC grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% during the second quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock worth $13,804,000 after buying an additional 329,738 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter valued at $1,118,000. Fifth Third Securities Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter worth $738,000. RPS Advisory Solutions LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth $506,000. Finally, Susquehanna International Group LLP bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth $440,000.

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.