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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 11,459 shares, an increase of 224.6% from the April 30th total of 3,530 shares. Based on an average daily volume of 9,742 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are short sold.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI traded down $0.40 during mid-day trading on Friday, reaching $46.42. The company had a trading volume of 3,332 shares, compared to its average volume of 13,448. The company’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $46.10. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $40.88 and a 1-year high of $49.30. The company has a market capitalization of $75.66 million, a price-to-earnings ratio of 20.63 and a beta of 0.67.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.2594 dividend. 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 an increase 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

A number of hedge funds have recently made changes to their positions in PUI. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at approximately $173,000. Advisory Services Network LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $398,000. Osaic Holdings Inc. boosted its position in 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 worth $289,000 after buying an additional 1,227 shares during the period. NWF Advisory Services Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter worth approximately $230,000. Finally, Jones Financial Companies Lllp boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 49.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,699 shares of the company’s stock worth $624,000 after buying an additional 4,542 shares during the period.

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.