Short Interest in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Grows By 85.7%

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 7,525 shares, a growth of 85.7% from the November 30th total of 4,053 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,724 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 4,724 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock worth $13,804,000 after acquiring an additional 329,738 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at approximately $4,768,000. Silver Oak Securities Incorporated purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth $2,476,000. ROI Financial Advisors LLC increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the second quarter. ROI Financial Advisors LLC now owns 45,084 shares of the company’s stock worth $1,886,000 after buying an additional 1,297 shares during the period. Finally, IMC Chicago LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 3rd quarter valued at $1,118,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

PUI stock opened at $43.82 on Friday. The company has a market capitalization of $49.95 million, a PE ratio of 20.63 and a beta of 0.66. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $36.90 and a one year high of $49.30. The company’s 50 day moving average price is $45.46 and its two-hundred day moving average price is $44.40.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2504 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 2.3%.

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.