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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a decrease of 87.5% from the December 15th total of 24,800 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 1.5 %

Shares of NASDAQ:PUI traded up $0.57 during trading on Tuesday, reaching $39.01. The stock had a trading volume of 5,745 shares, compared to its average volume of 31,468. The firm has a market capitalization of $45.25 million, a price-to-earnings ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 52 week low of $30.23 and a 52 week high of $42.78. The stock has a fifty day simple moving average of $40.21 and a two-hundred day simple moving average of $38.77.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.201 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth $219,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth about $962,000. Finally, ROI Financial Advisors LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the third quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock valued at $1,756,000 after acquiring an additional 497 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).