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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 700 shares, a decline of 90.4% from the September 15th total of 7,300 shares. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.3%

Shares of PUI stock opened at $47.93 on Friday. Invesco Dorsey Wright Utilities Momentum ETF has a 12-month low of $36.90 and a 12-month high of $49.30. The stock’s 50-day moving average price is $45.05 and its 200-day moving average price is $42.73. The stock has a market capitalization of $54.64 million, a price-to-earnings ratio of 20.63 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.2162 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth approximately $336,000. Private Trust Co. NA bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth approximately $56,000. ROI Financial Advisors LLC increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.3% during the first quarter. ROI Financial Advisors LLC now owns 43,787 shares of the company’s stock worth $1,793,000 after acquiring an additional 550 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $2,476,000. Finally, Janney Montgomery Scott LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $4,768,000.

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).