Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Large Decline in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,400 shares, a decrease of 39.1% from the March 15th total of 2,300 shares. Based on an average trading volume of 20,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Large investors have recently made changes to their positions in the stock. Independent Advisor Alliance purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter worth approximately $2,000,000. Blue Capital Inc. bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter worth $1,317,000. Financial Management Professionals Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter valued at $1,102,000. IMC Chicago LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the first quarter valued at about $679,000. Finally, Private Advisor Group LLC boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 60.1% in the fourth quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock worth $335,000 after purchasing an additional 3,248 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 1.7 %

PUI traded up $0.68 during trading on Thursday, hitting $40.73. 2,334 shares of the company’s stock traded hands, compared to its average volume of 12,037. The stock has a market capitalization of $70.05 million, a price-to-earnings ratio of 20.38 and a beta of 0.63. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $32.52 and a 12-month high of $42.78. The company’s 50 day simple moving average is $40.29 and its two-hundred day simple moving average is $40.19.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.2554 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous dividend of $0.20.

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).