Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Decreases By 84.5%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 858 shares, a decline of 84.5% from the June 30th total of 5,527 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 47,777 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 612.6% during the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock worth $745,000 after buying an additional 13,619 shares during the period. RPS Advisory Solutions LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at approximately $506,000. Susquehanna International Group LLP acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth $440,000. Advisory Services Network LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $398,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth $344,000.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 0.7%

Invesco Dorsey Wright Utilities Momentum ETF stock traded up $0.34 during midday trading on Friday, reaching $47.77. 1,855 shares of the stock traded hands, compared to its average volume of 13,913. The firm has a market cap of $57.32 million, a PE ratio of 20.63 and a beta of 0.63. The company has a 50-day simple moving average of $46.88 and a two-hundred day simple moving average of $46.70. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $42.65 and a 12-month high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.2094 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 22nd.

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.