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

Invesco DWA Utilities Momentum ETF (NASDAQ:PUIGet Rating) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 21,200 shares, a decline of 18.5% from the March 31st total of 26,000 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 1.8 days.

Invesco DWA Utilities Momentum ETF stock opened at $34.97 on Tuesday. Invesco DWA Utilities Momentum ETF has a 52-week low of $32.24 and a 52-week high of $38.22. The stock’s 50 day moving average price is $35.86 and its two-hundred day moving average price is $34.84.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 22nd were given a $0.177 dividend. This is a positive change from Invesco DWA Utilities Momentum ETF’s previous quarterly dividend of $0.15. This represents a $0.71 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Monday, March 21st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in Invesco DWA Utilities Momentum ETF by 9.0% in the 4th quarter. LPL Financial LLC now owns 111,513 shares of the company’s stock valued at $3,982,000 after purchasing an additional 9,198 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Invesco DWA Utilities Momentum ETF in the 4th quarter valued at $298,000. IMC Chicago LLC grew its stake in Invesco DWA Utilities Momentum ETF by 32.8% in the 1st quarter. IMC Chicago LLC now owns 31,665 shares of the company’s stock valued at $1,161,000 after purchasing an additional 7,824 shares during the period. Susquehanna International Group LLP grew its stake in Invesco DWA Utilities Momentum ETF by 34.7% in the 4th quarter. Susquehanna International Group LLP now owns 28,971 shares of the company’s stock valued at $1,035,000 after purchasing an additional 7,458 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Invesco DWA Utilities Momentum ETF in the 4th quarter valued at $211,000.

About Invesco DWA Utilities Momentum ETF (Get Rating)

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).

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