Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Sees Significant Decrease in Short Interest

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 664 shares, a decline of 85.5% from the December 31st total of 4,587 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 12,784 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 12,784 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI traded down $0.07 during mid-day trading on Thursday, hitting $45.00. 6,712 shares of the company’s stock were exchanged, compared to its average volume of 8,606. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $36.90 and a fifty-two week high of $49.30. The stock’s 50-day moving average is $44.37 and its 200-day moving average is $44.82. The company has a market cap of $49.50 million, a price-to-earnings ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.2504 per share. This is an increase 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 dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position 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 valued at $119,000 after purchasing an additional 2,529 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 39.9% during the third quarter. Global Retirement Partners LLC now owns 3,509 shares of the company’s stock worth $161,000 after buying an additional 1,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $173,000. NWF Advisory Services Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the third quarter valued at approximately $230,000. Finally, Advisors Capital Management LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth approximately $211,000.

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.