Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Shorted: Short Interest Up 75.1% in September

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 844 shares, an increase of 75.1% from the August 31st total of 482 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,621 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. ROI Financial Advisors LLC increased its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the first quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock valued at $2,103,000 after buying an additional 1,308 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% during the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock worth $745,000 after acquiring an additional 13,619 shares in the last quarter. NWF Advisory Services Inc. boosted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after acquiring an additional 3,028 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth approximately $505,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter worth approximately $344,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

NASDAQ:PUI traded up $0.24 during trading hours on Thursday, hitting $41.22. The company’s stock had a trading volume of 5,748 shares, compared to its average volume of 11,403. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $40.76 and a 52-week high of $49.30. The company has a market capitalization of $48.64 million, a PE ratio of 20.63 and a beta of 0.63. The business’s 50-day moving average is $44.34 and its two-hundred day moving average is $46.14.

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.