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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,592 shares, a growth of 51.2% from the February 26th total of 5,021 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 5,978 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NWF Advisory Services Inc. grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 84.4% during the fourth quarter. NWF Advisory Services Inc. now owns 9,237 shares of the company’s stock valued at $403,000 after buying an additional 4,228 shares during the period. Arax Advisory Partners bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter worth about $65,000. ROI Financial Advisors LLC boosted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.7% in the fourth quarter. ROI Financial Advisors LLC now owns 43,436 shares of the company’s stock valued at $1,893,000 after acquiring an additional 735 shares during the last quarter. LPL Financial LLC boosted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 103,157 shares of the company’s stock valued at $4,496,000 after acquiring an additional 2,816 shares during the last quarter. Finally, RPS Advisory Solutions LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at approximately $506,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock opened at $46.89 on Monday. The business’s fifty day simple moving average is $46.49 and its 200 day simple moving average is $45.80. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $36.90 and a 12 month high of $49.30. The firm has a market capitalization of $51.58 million, a P/E ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.2594 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.