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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,300 shares, a decrease of 62.3% from the February 28th total of 6,100 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.8 %

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock traded up $0.31 during mid-day trading on Friday, reaching $40.56. 6,362 shares of the stock traded hands, compared to its average volume of 8,655. The business has a 50-day moving average of $40.45 and a 200 day moving average of $40.18. The stock has a market capitalization of $43.40 million, a PE ratio of 20.35 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $32.25 and a fifty-two week high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.2554 dividend. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth about $27,000. Global Retirement Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at about $58,000. Westbourne Investments Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth approximately $201,000. Private Advisor Group LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 60.1% in the fourth quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock valued at $335,000 after purchasing an additional 3,248 shares during the period. Finally, Financial Management Professionals Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at approximately $1,102,000.

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).