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 decrease in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a decrease of 87.5% from the December 31st total of 24,800 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of PUI stock traded down $0.23 on Tuesday, hitting $39.28. 3,717 shares of the company’s stock were exchanged, compared to its average volume of 16,342. The company has a 50 day moving average of $40.12 and a 200 day moving average of $39.18. The stock has a market cap of $42.42 million, a P/E ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $30.31 and a 12 month high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in PUI. ROI Financial Advisors LLC grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the 3rd quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock valued at $1,756,000 after purchasing an additional 497 shares during the period. Financial Management Professionals Inc. bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at about $1,102,000. Sunbelt Securities Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $962,000. Finally, Private Advisor Group LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter worth approximately $219,000.

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).