Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Short Interest Down 84.5% in July

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 858 shares, a decline of 84.5% from the June 30th total of 5,527 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,777 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

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

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI traded up $0.34 during trading hours on Friday, reaching $47.77. The stock had a trading volume of 1,855 shares, compared to its average volume of 13,913. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $42.65 and a 12 month high of $49.30. The company’s 50-day moving average is $46.88 and its two-hundred day moving average is $46.72. The stock has a market capitalization of $57.32 million, a PE ratio of 20.63 and a beta of 0.63.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.2094 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.84 annualized dividend and a yield of 1.8%.

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.