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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,660 shares, an increase of 53.6% from the March 15th total of 7,592 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 12,158 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of PUI. IMC Chicago LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter worth approximately $1,118,000. Fifth Third Securities Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at approximately $738,000. LPL Financial LLC lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 103,157 shares of the company’s stock valued at $4,496,000 after purchasing an additional 2,816 shares during the period. Global Retirement Partners LLC boosted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 39.9% during the third quarter. Global Retirement Partners LLC now owns 3,509 shares of the company’s stock valued at $161,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 49.6% during the third quarter. Jones Financial Companies Lllp now owns 13,699 shares of the company’s stock valued at $624,000 after purchasing an additional 4,542 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.7%

Shares of NASDAQ PUI opened at $47.60 on Thursday. The firm has a fifty day simple moving average of $47.28 and a two-hundred day simple moving average of $46.04. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $39.01 and a 12 month high of $49.30. The firm has a market capitalization of $75.21 million, a PE ratio of 20.63 and a beta of 0.69.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

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