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

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 482 shares, a drop of 62.8% from the August 15th total of 1,294 shares. Based on an average daily volume of 3,256 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ROI Financial Advisors LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% during the first quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock valued at $2,103,000 after acquiring an additional 1,308 shares during the period. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the first quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock worth $745,000 after purchasing an additional 13,619 shares during the period. NWF Advisory Services Inc. increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% in the second quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after purchasing an additional 3,028 shares during the period. RPS Advisory Solutions LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth about $506,000. Finally, Western Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 1st quarter worth about $344,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock traded down $0.48 on Tuesday, reaching $42.45. The stock had a trading volume of 11,141 shares, compared to its average volume of 11,822. The business’s 50-day moving average price is $45.47 and its two-hundred day moving average price is $46.60. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $42.45 and a fifty-two week high of $49.30. The stock has a market cap of $46.27 million, a P/E ratio of 20.63 and a beta of 0.63.

About Invesco Dorsey Wright Utilities Momentum ETF

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.