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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 24,800 shares, an increase of 2,154.5% from the November 30th total of 1,100 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 2.8 days.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.1 %

PUI stock traded up $0.03 during midday trading on Thursday, hitting $39.25. The company’s stock had a trading volume of 1,810 shares, compared to its average volume of 7,776. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $30.23 and a 12 month high of $42.78. The company has a 50 day moving average of $40.53 and a two-hundred day moving average of $38.39. The firm has a market capitalization of $53.77 million, a price-to-earnings ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be given a $0.201 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $962,000. Private Advisor Group LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter valued at approximately $219,000. Finally, ROI Financial Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the third quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock worth $1,756,000 after buying an additional 497 shares during the period.

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).