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 decline in short interest in August. As of August 31st, there was short interest totaling 482 shares, a decline of 62.8% from the August 15th total of 1,294 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,256 shares, the short-interest ratio is presently 0.1 days.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Invesco Dorsey Wright Utilities Momentum ETF stock traded down $0.91 during mid-day trading on Monday, reaching $42.89. 877 shares of the company traded hands, compared to its average volume of 11,827. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $42.93 and a 52-week high of $49.30. The firm has a market capitalization of $46.75 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. The firm’s 50 day moving average price is $45.57 and its 200 day moving average price is $46.64.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of PUI. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $241,000. Citadel Advisors LLC lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 52.4% in the 2nd quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock valued at $342,000 after purchasing an additional 2,472 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at approximately $270,000. NWF Advisory Services Inc. lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock valued at $591,000 after purchasing an additional 3,028 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the first quarter valued at approximately $344,000.

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.