Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 84.0% in October

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 800 shares, a drop of 84.0% from the September 30th total of 5,000 shares. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth $219,000. B. Riley Wealth Advisors Inc. lifted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 12.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,710 shares of the company’s stock worth $529,000 after purchasing an additional 1,750 shares during the period. Capital Advisors Ltd. LLC grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 1.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock valued at $616,000 after buying an additional 279 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter valued at about $962,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 1.2 %

NASDAQ PUI traded down $0.48 on Friday, hitting $39.92. The stock had a trading volume of 35,425 shares, compared to its average volume of 7,514. The company’s 50-day moving average is $39.25 and its two-hundred day moving average is $36.68. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $29.54 and a one year high of $40.70. The stock has a market cap of $57.09 million, a price-to-earnings ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 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).