Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Increases By 75.0%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,400 shares, an increase of 75.0% from the October 15th total of 800 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ROI Financial Advisors LLC increased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.2% during 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 last quarter. Private Advisor Group LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at about $219,000. Sunbelt Securities Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $962,000. Capital Advisors Ltd. LLC grew its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.6% in the second quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock valued at $616,000 after purchasing an additional 279 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 12.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,710 shares of the company’s stock worth $529,000 after acquiring an additional 1,750 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 0.4 %

NASDAQ:PUI traded down $0.16 during mid-day trading on Wednesday, hitting $40.61. 3,996 shares of the company traded hands, compared to its average volume of 7,307. The stock’s fifty day moving average price is $39.78 and its 200-day moving average price is $37.28. The firm has a market cap of $55.64 million, a price-to-earnings ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $30.23 and a one year high of $41.27.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.27%. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 23rd.

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).