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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 11,660 shares, an increase of 53.6% from the March 15th total of 7,592 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 12,158 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

PUI traded up $0.14 during trading on Tuesday, reaching $47.95. The stock had a trading volume of 2,556 shares, compared to its average volume of 14,666. The stock has a market cap of $75.76 million, a PE ratio of 20.63 and a beta of 0.69. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $39.01 and a one year high of $49.30. The business has a 50-day moving average of $47.16 and a 200-day moving average of $46.01.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PUI. Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at about $173,000. Advisory Services Network LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at about $398,000. Osaic Holdings Inc. grew its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 21.6% during the second quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock valued at $289,000 after buying an additional 1,227 shares during the last quarter. Fifth Third Securities Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter valued at about $738,000. Finally, Global Retirement Partners LLC grew its stake 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 worth $161,000 after purchasing an additional 1,000 shares during the last quarter.

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.