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

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

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PUI. Susquehanna International Group LLP purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter valued at $440,000. Private Advisor Group LLC raised its position in Invesco Dorsey Wright Utilities Momentum ETF by 12.2% in the third quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock valued at $283,000 after purchasing an additional 673 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after purchasing an additional 2,529 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth about $1,118,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 49.6% in the third quarter. Jones Financial Companies Lllp now owns 13,699 shares of the company’s stock valued at $624,000 after buying an additional 4,542 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 0.1%

Shares of PUI traded down $0.06 during mid-day trading on Monday, reaching $43.76. 4,553 shares of the company’s stock were exchanged, compared to its average volume of 13,483. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $36.90 and a 52-week high of $49.30. The company has a market cap of $49.89 million, a price-to-earnings ratio of 20.63 and a beta of 0.66. The company has a 50-day simple moving average of $45.46 and a two-hundred day simple moving average of $44.42.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.2504 dividend. 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 dividend on an annualized basis and a yield of 2.3%.

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). 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.