Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 50.2% in May

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 5,704 shares, a drop of 50.2% from the May 14th total of 11,459 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 7,413 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently modified their holdings of PUI. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at about $65,000. JPMorgan Chase & Co. lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after acquiring an additional 2,529 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the 1st quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after acquiring an additional 2,473 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock valued at $147,000 after acquiring an additional 2,620 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at about $173,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Invesco Dorsey Wright Utilities Momentum ETF stock opened at $46.44 on Friday. The firm has a market capitalization of $75.70 million, a P/E ratio of 20.63 and a beta of 0.64. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $40.88 and a one year high of $49.30. The company has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $46.14.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.2594 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%.

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.